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Bison Gold Resources Inc. Announces Private Placement and Change to its Board of Directors
Published : December 17, 2012
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Keywords :   Canada | Gold |

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2012) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (News - Market indicators) is pleased to announce the closing of a non-brokered private placement of $844,200 (the "Financing"). The Company has issued 12,600,000 units ("Units") at $0.05 per Unit for proceeds of $630,000 and 3,060,000 common shares were issued on a flow-through basis at $0.07 per share for proceeds of $214,200. Each Unit consists of one common share and one half of one common share purchase warrant (a "Warrant"). Each Warrant is exercisable at $0.125 per share expiring December 14, 2014.

The Financing is subject to final approval from the TSX Venture Exchange. All common shares issued will be subject to a four-month hold period ending April 14, 2013. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba and general working capital.

The Company also announces that Mr. Borys Chabursky has resigned from the Board of Directors of the Company. Amir Mousavi, CEO added, "We thank Mr. Borys Chabursky for his contributions during his tenure as a member of the Company's Board of Directors and we look forward to working with him in an advisory capacity in the future."

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.

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.

Bison Gold Resources Inc.
Mr. Chris Carmichael
CFO
(416) 488-2590
www.bisongold.com
Companies Mentionned : Bison Gold |
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Bison Gold Exploration

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CODE : BGE.V
ISIN : CA0917061016
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Bison Gold is an exploration gold company based in Canada.

Bison Gold develops gold, copper, lead and zinc in Canada.

Its main asset in development is WAR BABY in Canada and its main exploration properties are MINER, BOMBER, GUNMAN, APEX, BURNTWOOD, BEAUCAGE and CENTRAL MANITOBA & CRYDERMAN in Canada.

Bison Gold is listed in Canada. Its market capitalisation is CA$ 2.9 millions as of today (US$ 2.4 millions, € 2.2 millions).

Its stock quote reached its highest recent level on July 13, 2012 at CA$ 0.19, and its lowest recent point on January 30, 2015 at CA$ 0.01.

Bison Gold has 117 640 000 shares outstanding.

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Financings of Bison Gold Exploration
1/4/2011 Completes $825,000 Flow Through Private Placement and Annou...
10/26/2010Raises an Additional $85,000 in Flow-Through Private Placeme...
9/9/2010Arranges $450,000 Private Placement and $350,000 Convertible...
Nominations of Bison Gold Exploration
2/28/2011Grant of 2,090,000 stock options
2/28/2011Announces a Change to its Board of Directors and Issues Stoc...
Project news of Bison Gold Exploration
5/30/2011(Central Manitoba & Cryderman) Central Manitoba Property Update: Highest Grade Gold Inters...
4/8/2011(Central Manitoba & Cryderman) Increases Drilling Program from 5,000 Metres to 10,000 Metr...
2/24/2011(Central Manitoba & Cryderman)Central Manitoba Property Update: High Grade Gold Intersecti...
2/24/2011(Central Manitoba & Cryderman) Central Manitoba Property Update: High Grade Gold Intersect...
2/24/2011(Central Manitoba & Cryderman)Resources Inc. Central Manitoba Property Update: High Grade ...
2/23/2011(Central Manitoba & Cryderman)High Grade Gold Intersections from Diamond Drilling
Corporate news of Bison Gold Exploration
4/1/2015Callinan-Hudbay $17 Million Option Agreement Advances WarBab...
8/6/2013Resources Inc. Exploration Update, Financing and AGM Results
6/13/2013Resources Inc. Exploration Update: Central Manitoba Property
5/24/2013Resources Inc. Announces Approval of Advance Notice By-Law
1/9/2013Resources Inc. Announces Preliminary Results of Doctoral Stu...
1/4/2013Resources Inc. Announces Private Placement
12/17/2012Resources Inc. Announces Private Placement and Change to its...
11/5/2012Resources Inc. Announces CEO, Corporate Secretary and Compos...
11/2/2012Resources Inc. Announces Resolution of the Composition of It...
10/24/2012Announces Ruling on AGM Litigation
9/26/2012Commences Strategic Alternatives Review, Financing, Resource...
7/8/2011Resources Inc. Central Manitoba Property Update: Drilling on...
6/29/2011Resources Inc. Announces Appointment of Interim Chief Financ...
6/20/2011Resources Inc. Closes Second and Final Tranche of Flow-Throu...
5/30/2011Resources Inc. Central Manitoba Property Update: Highest Gra...
4/27/2011Resources Inc. Closes First Tranche of Flow-Through and Non-...
4/8/2011Resources Inc. Announces Flow-Through and Non-Flow-Through P...
4/7/2011Resources Inc. Increases Drilling Program from 5,000 Metres ...
5/30/2006$2.5 Million Financing
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