Golden Arrow Resources Corporation announced a non-brokered private placement to issue 21,500,000 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 1,505,000 on September 13, 2023. Each Unit will consist of one common share and one transferrable common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one additional common share at CAD 0.15 per share for three years from the date of issue.

The financing is subject to regulatory approval and all securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The transaction may include participation from Directors, officers and employees. The company may pay commission on a portion of the financing.