Golden Arrow Resources (GRG.V) has announced they will lend CEO Carlos Fernandez Mazzi C$225,000 to buy shares in a private placement. Fernandez Mazzi will acquire 750,000 shares at a price of C$0.30, which is a 36% premium to the current closing price of C$0.22/share.
This probably is the best solution to create an incentive for the new CEO, as due to the reduction in outstanding shares the stock option pool was reduced as well.
Disclosure: Golden Arrow Resources Corp. is a sponsoring company. Please see our disclaimer for current positions.
