Bison Gold Resources Inc. Announces Concurrent Flow-Through and Non-Flow-Through Private Placement Financing
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/15/11 -- Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE: BGE) is pleased to announce that it has entered into an agreement with D&D Securities Inc. (the "Agent") to proceed with a brokered flow-through and non-flow-through private placement offering on a "best efforts" basis. Additionally, Bison Gold is pleased to announce that concurrent to the brokered private placement, the Company intends to proceed with a non-brokered flow-through and non-flow-through private placement offering.
The Company has received conditional approval for the private placement for an aggregate gross proceeds of up to $6,000,000. The Offering consists of the issuance of:
Bison Gold intends to compensate the Agent at closing with cash commission equal to between 2% and 7% of the gross proceeds raised from the brokered private placements. In connection with the non-brokered flow-through and non-flow-through private placement offerings, the Company may pay finders' fees and may also issue compensation 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.
Contacts:
Bison Gold Resources Inc.
Mr. Lucas Ewart
President & CEO
(416) 488-2590
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Unternehmensinformation / Kurzprofil:
Datum: 15.12.2011 - 21:30 Uhr
Sprache: Deutsch
News-ID 97730
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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