🕐20.11.13 - 01:54 Uhr
GOLDEN ARROW RESOURCES (GRG.V) TO COMMENCE SHARE BUY BACK
*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 companys 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
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