04:26 PM EDT, 03/15/2024 (MT Newswires) -- Golden Arrow Resources Corporation ( GARWF ) announced Friday it has closed the non-brokered private placement financing, as announced on Jan. 19, 2024 and increased on Feb. 6, 2024, through the issuance of 1 million units at a subscription price of $0.05 per unit in this 2nd and final tranche for aggregate gross proceeds to the company of $50,000.

In total, the company has closed on 17.9 million Units for aggregate gross proceeds of $894,500.

Each Unit consists of one common share and one transferrable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at $0.10 per share for three years from the date of issue expiring on March 15, 2027.

In addition, 478,800 non-transferable finder's warrants were issued. Each finder's warrant entitling a finder to purchase one common share at a price of $0.10 per share for three years from the date of issue, expiring on March 15, 2027.

Price: 0.05, Change: -0.0100, Percent Change: -16.6667