Golden Arrow Resources Corporation (CVE:GRG) (OTCMKTS:GARWF) said Thursday that it has retained Michael Baybak and Company Inc to provide financial communication, media relations and market development consulting services.
In a statement, the Vancouver-based mining exploration company said Baybak has been engaged for a term of six months at a monthly fee of US$8,000 for the first two months and US$6,000 for the following months.
In addition, the company will grant 100,000 stock options to purchase shares of the company at an exercise price to be determined at the time of the grant. The options will vest 25% per quarter and will be exercisable until the earlier of two years from the date of the grant and 90 days following termination of services under the agreement.
READ: Golden Arrow Resources has the experience and assets for further potential success in South America
Baybak's appointment as an investor relations consultant to Golden Arrow as well as the grant of options are subject to regulatory approval.
Golden Arrow Resources is a member of the Grosso Group, a resource-focused management firm, and a pioneer of exploration in Argentina.
Golden Arrow is actively exploring a portfolio that includes advanced projects in Chile, a district-scale frontier opportunity in Paraguay, and more than 185,000 hectares of properties in Argentina.
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