Bison Gold Resources Inc.
TSX VENTURE : BGE

Bison Gold Resources Inc.

November 16, 2010 13:34 ET

Bison Gold Resources Inc. Raises an Additional $50,000 in Flow-Through Private Placement Financing

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2010) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) today announced that it has raised $50,000 in the third and final tranche of the non-brokered flow-through private placement financing (the "Financing") announced October 7, 2010 and further updated on October 26, 2010. The Company has issued an additional 200,000 common shares at $0.25 per share. The common shares issued will be subject to a four-month hold period expiring March 11, 2011. The proceeds of the Financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba. A commission of $5,000 was paid to Uxbridge Capital Funding Inc., an exempt market dealer with common officers with Bison Gold. To date the Company has closed gross proceeds of $2,172,000.

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