Bison Gold Resources Inc. ("Bison
Gold" or the "Company") (TSX VENTURE:BGE - News) is pleased to announce
the completion a non-brokered flow through private placement financing (the
"Financing") of 3,300,000 common shares at $0.25 per share for
gross proceeds of $825,000. All common shares issued will be subject to a
four-month hold period. The proceeds of the financing will be used to fund
the Company's ongoing exploration programs in the province of Manitoba.
In connection with the Financing,
Limited Market Dealer Inc. received a cash finder's
fees in the amount of $36,400 and broker warrants in the amount of 182,000
warrants, exercisable into one common share of the Company at a price of
$0.25 until December 23, 2012. Mackie Research Capital Corporation received a cash finder's fees in the amount of $3,750 and broker
warrants in the amount of 10,714 warrants, exercisable into one common share
of the Company at a price of $0.35 until December 23, 2012. Uxbridge Capital
Funding Inc. received a cash finder's fees in the
amount of $19,600 and broker warrants in the amount of 98,000 warrants,
exercisable into one common share of the Company at a price of $0.25 until
December 31, 2012. Uxbridge Capital Funding Inc. is an exempt market dealer
with common officers with Bison Gold. The Financing is subject to final
approval from the TSX Venture Exchange.
The Company also announces that Brian
Main has resigned from the Company's Board of Directors. "We appreciate
the contributions that Brian has made to the growth of the Company over the
years," said Lucas Ewart, Chief Executive
Officer. "We wish him well in his future endeavours."
About Bison Gold
Bison Gold is a Canadian public company
listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal
and rare element exploration with property assets in Manitoba, Canada. Bison
Gold's land holdings have historically produced in excess of 200,000 ounces
of gold. Further details can be found on Bison Gold's website at www.bisongold.com.
We seek safe harbour.
This news release contains forward-looking statements regarding the timing
and content of upcoming programs and may be subject to regulatory approval.
Actual results may differ materially from those currently anticipated in such
statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
Mr. Lucas Ewart
Bison Gold Resources Inc.
CEO
(416) 488-2590 |