Golden Arrow Resources Corp. (GARWF)

[dorado]

Golden Arrow to Commence Share Buy Back

2013-11-19 13:49 ET - News Release

Mr. Joseph Grosso reports

GOLDEN ARROW ANNOUNCES INTENTION TO MAKE A NORMAL COURSE ISSUER BID

The TSX Venture Exchange has accepted a notice of intention to make a normal course issuer bid which was filed by Golden Arrow Resources Corp. with the exchange.

Pursuant to the terms of the bid, Golden Arrow will purchase its own common shares for cancellation through the facilities of the exchange at the prevailing market price. The number of common shares purchased by Golden Arrow will in no event be in excess of 5 per cent of the issued and outstanding common shares at the date the bid commences, such amount not to exceed one million common shares of the 41,823,655 currently issued and outstanding common shares. Golden Arrow will effect purchases at varying times commencing on or after Nov. 25, 2013, and continuing until no later than Nov. 25, 2014, or on such earlier date as Golden Arrow may complete its purchases pursuant to the bid or as it may otherwise determine.

Golden Arrow is engaging in the bid because it believes that the market price of its common shares does not properly reflect the underlying value of Golden Arrow. The objective of the bid is to provide market stability for the benefit of the company's shareholders. Market purchases pursuant to the bid will be conducted through Steve Burns of Global Maxfin Capital Inc.

Shareholders may obtain a copy of the notice of intention to make a normal course issuer bid (Form 5G), without charge, by contacting Golden Arrow.




http://www.goldenarrowresources.com/s/NewsReleases.asp?ReportID=611947&_Type=News-Releases&_Title=Golden-Arrow-Announces-Intention-to-Make-a-Normal-Course-Issuer-Bid