Bison Gold Resources Inc. Announces Closing of Private Placement With the MineralFields Group
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/23/11 -- Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE: BGE) is pleased to announce the closing of a non-brokered private placement of $1,500,000.00 with the MineralFields Group (the "Financing") of 7,500,000 common shares issued on a flow- through basis (the "Flow-Through Shares") at $0.20 per share for gross proceeds of $1,500,000.
In connection with the Financing, Limited Market Dealer Inc. received finder's and due diligence fees in the amount of $112,650 and broker warrants in the amount of 600,000 warrants, exercisable into one common share of the Company (the "Common Shares") at a price of $0.25 until December 23, 2013.
In addition, the Company also raised an additional $667,600 through the issuance of 1,258,000 Flow-Through Shares and 2,600,000 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 full Warrant entitles the holder to purchase one Common Share at a price of $0.25 until December 23, 2013.
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.
"We are very pleased with MineralFields Group's continued support", said Lucas Ewart, President and CEO. "This is an important milestone in the growth of Bison Gold Resources Inc. and we look forward to working with MineralFields Group as we develop our holdings in Manitoba."
The Company intends to close the sale of additional Flow-Through Shares and Units prior to December 31, 2011 as further discussed in the Company's press release dated December 15, 2011.
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout
Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Fund Inc. corporate-class mutual fund series). Information about MineralFields Group is available at . First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®, and have raised over $1 billion in their 10 year history.
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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Datum: 23.12.2011 - 21:14 Uhr
Sprache: Deutsch
News-ID 99848
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TORONTO, ONTARIO
Kategorie:
Mining & Metals
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