Nov 04, 2010
Golden Arrow Grants Stock Options
Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC, WKN: A0B6XQ, "Golden Arrow" or "the Company") announces that, pursuant to the Company's stock option plan, it has granted incentive stock options to its directors, employees and consultants to purchase up to 870,000 common shares in the capital stock of Golden Arrow exercisable for a period of five years, at a price of $0.40 per share. These options are subject to a four-month hold period.
About Golden Arrow Resources Corporation
Golden Arrow, a Grosso Group Member company, is a Vancouver-based, explorer and prospect generator focused on advancing, identifying and acquiring precious and base metal projects in Argentina with the goal of achieving a world class discovery. The Company is well positioned for growth of shareholder value with a royalty income from its 1% NSR on US$2,310,672 over the past 21 months, a joint-venture with Vale on two properties, an attractive portfolio of highly prospective exploration projects and a pipeline of new opportunities under review. Golden Arrow will continue to execute its strategy to leverage the Company's exploration exposure by attracting partners to fund work on its portfolio of high quality mineral projects.
ON BEHALF OF THE BOARD
Mr. Joseph Grosso, President & CEO
For further information please contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
You can view the Next News Releases item: Thu Nov 18, 2010, Golden Arrow Commences Work on Potrerillos Gold-Silver Project, Frontera District, Argentina
You can view the Previous News Releases item: Wed Nov 3, 2010, Golden Arrow Closes $1.4 Million Private Placement Financing and Receives Third Quarter Royalty Payment
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