Golden Arrow Resources (TSE:GRG) has released an update.
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Golden Arrow Resources Corporation has received conditional approval for an option agreement with Sociedad de Servicios Andinos, which allows the latter to acquire a 25% stake in Golden Arrow’s subsidiary NGE in return for cash payments and drilling services at the San Pietro project in Chile. SSA has already made significant progress towards the drilling campaign, having invested in new equipment and personnel, with final preparations underway. The completion of the option exercise is pending final TSX Venture Exchange approval and fulfillment of SSA’s commitments.
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