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To: UPTICK who wrote (172643)	7/27/2009 8:56:54 PM
From: Cheeky Kid	Respond to of 312399

Thank you.

To: UPTICK who wrote (172643)	7/30/2009 7:19:38 PM
From: Goose94	Respond to of 312399

News July 30, '09 Golden Arrow (GRG-V) Closes Oversubscribed Financing. Golden Arrow Resources Corp. has received regulatory approval from the TSX Venture Exchange for the company's non-brokered private placement, originally announced in the company's news release dated June 30, 2009. The company's news release anticipated that four million units would be issued in the financing. The final number of units which will be issued in the financing is 5,115,000 units at a price of 25 cents per unit, for gross proceeds to the company of $1,278,750. This represents an oversubscription of $278,750 from the amount originally announced. Each unit consists of one common share and one non-transferable common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share in the capital of the company at a price of 40 cents per share for 18 months following the date of the closing of the private placement. Golden Arrow can accelerate the warrant exercise if Golden Arrow's common shares trade at 80 cents or higher for 15 consecutive trading days. Directors and officers of the company have subscribed for a portion of the financing. The proceeds from the financing will be used to maintain and further advance exploration on projects in South America, and for general working capital. All securities to be issued in the financing are subject to a four-month hold period under applicable Canadian securities laws, expiring on Dec. 1, 2009. Total finders' fees of $79,300 are payable in cash to non-arm's-length parties to the company on a portion of this financing, such fees representing 8 per cent of the gross proceeds received from certain subscribers introduced to the company by the finders.