Bison Gold Resources Inc.

Bison Gold Resources Inc.

April 08, 2011 12:00 ET

Bison Gold Resources Inc. Announces Flow-Through and Non-Flow-Through Private Placement Financing

TORONTO, ONTARIO--(Marketwire - April 8, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) today announced that it has received conditional approval of a non-brokered flow-through private placement financing of up to 3,333,334 common shares at price of $0.45 per share for an aggregate gross proceeds of up to $1,500,000. All common shares issued will be subject to a four- month hold period from the date of closing. The proceeds of the flow- through financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba.

In addition, the Company has received conditional approval of a non- brokered non-flow-through private placement financing of up to 2,857,143 units ("Units") at a price of $0.35 per Unit for an aggregate gross proceeds of up to $1,000,000. Each Unit consists of one common share and one half of one common share purchase warrant ("Warrant"). Each full Warrant entitles the holder to purchase one common share at a price of $0.50, and has an expiry period of two years. All common shares issued will be subject to a four-month hold period. The Warrants may be subject to accelerated expiry in certain circumstances. Proceeds of the non-flow-through private placement financing will be used for general working capital purposes.

In connection with the flow-through and non-flow through private placement offerings, the Company may pay finders' fees and may also issue broker warrants.

The private placement offerings are both subject to the final approval of the TSX Venture Exchange.

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

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 Information

  • Bison Gold Resources Inc.
    Mr. Lucas Ewart
    President & CEO
    (416) 488-2590