Results of Annual General Meeting of Golden Arrow Resources Corporation
Golden Arrow Resources Corporation (GRG - TSX.V) ("Golden Arrow" or the "Company") announced that its Annual General Meeting of Shareholders was held on Friday June 25, 2010. Over 55% of Golden Arrow's Shareholders were represented in person or by proxy at the Meeting. The Company is pleased to announce that incumbent directors Joseph Grosso, John Gammon, Nikolaos Cacos, David Horton, David Terry and Len Harris were re-elected to the Board of Directors of the Company.
The Board of Golden Arrow agreed to withdraw two motions previously approved for submission at the AGM. At the Meeting, the Chairman advised the Shareholders that the proposed special resolutions set out at items 6 and 7 as stated in the Notice to Shareholders dated May 27, 2010, with respect to the amendments to the Articles of the Company, were withdrawn and not proposed.
At the Meeting, Shareholders also approved the number of directors, ratified the Company's stock option plan and appointed PricewaterhouseCoopers LLP, Chartered Accountants as auditor of the Company.
Subsequent to the Meeting, a Board of Directors meeting was held at which all officers were re-appointed. Appointed to the Audit Committee were David Horton, John Gammon and Nikolaos Cacos. A Compensation and Governance Committee was established and John Gammon (Chair), Nikolaos Cacos and Leonard Harris were appointed.
ON BEHALF OF THE BOARD
"Joseph Grosso"
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Mr. Joseph Grosso, President & C.E.O.
For further information please contact the Company at 1-800-901-0058, or 604-687-1828 ext.248, or fax 604-687-1858.
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This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.