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.

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Disclosure: Golden Arrow Resources Corp. is a sponsoring company. Please see our disclaimer for current positions.

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