Bison Gold Resources Inc. (“Bison Gold” or the “Company”) is pleased to announce the closing of a non-brokered private placement of $69,800 (the “Financing”). The Company has issued 800,000 units (“Units”) at $0.05 per Unit for proceeds of $40,000 and 425,714 common shares were issued on a flow-through basis at $0.07 per share for proceeds of $29,800. Each Unit consists of one common share and one half of one common share purchase warrant (a “Warrant”). Each Warrant is exercisable at $0.125 per share until December 31, 2014. Since December 2012, the Company has raised gross proceeds of $914,000 in private placement financings.
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 expiring April 30, 2013. The proceeds of the financing will be used to fund the Company’s ongoing exploration programs in the province of Manitoba and general working capital.
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.