Bison Gold Resources Inc.
TSX VENTURE : BGE

Bison Gold Resources Inc.

January 04, 2011 14:46 ET

Bison Gold Resources Inc. Completes $825,000 Flow Through Private Placement and Announces a Change to Its Board of Directors

TORONTO, ONTARIO--(Marketwire - Jan. 4, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) 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 Information

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