Bison Gold Resources Inc. Announces Closing of Private Placement
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/29/11 -- Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE: BGE) is pleased to announce the closing of the second and final tranche of its concurrent brokered and non-brokered private placement previously announced on December 15, 2011 (the "Financing").
The Company issued 2,000,000 common shares on a flow-through basis at $0.20 per share to subscribers for gross proceeds of $400,000 with D&D Securities Inc. acting as agent pursuant to an agency agreement entered into with the Company on December 23, 2011. In connection with the Financing, D&D Securities Inc. and its sub-agents received a cash commission representing 7% of the total gross proceeds raised.
In addition, the Company also raised an additional $165,000 through the issuance of 550,000 flow-through shares and 343,750 units at $0.16 per unit (the "Units"). Each Unit consists of one common share and one half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder to purchase one common share at a price of $0.25 until December 29, 2013. CIBC Wood Gundy received finder's fees totaling 5% of the gross proceeds raised by it.
Upon the Company closing the first tranche of the Financing on December 23, 2011, Cornis Consult Finance of Geneva, Switzerland received a cash commission equal to 8% of the gross proceeds raised by it as well as broker compensation warrants equal to 8% of the number of securities sold by it in the Financing.
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. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba.
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.
Contacts:
Bison Gold Resources Inc.
Mr. Lucas Ewart
President & CEO
(416) 488-2590
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Unternehmensinformation / Kurzprofil:
Datum: 29.12.2011 - 19:46 Uhr
Sprache: Deutsch
News-ID 100218
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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