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Bison Gold Resources Inc.: Bison Gold Resources Inc. Announces Completion of Private Placement and Convertible Debenture

^{Published on 2009-09-03 13:40:28 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Sept. 3, 2009) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (CNSX:BGE) today announced the completion of a non-brokered private placement financing for gross proceeds of $779,111.05. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in the province of Manitoba as well as working capital and general corporate services.

The Company has issued 15,582,221 units at $0.05 per unit for gross proceeds of $779,111.05. Each unit consists of one common share and one half of one common share purchase warrant. Each full share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.10 until September 3, 2011.

The Company paid a cash commission of $62,328.85 for the financing.

Bison Gold also announces the amendment of a convertible loan with GC-Global Capital Corp. The amended convertible loan will be due December 31, 2010 and will be exercisable into units at a price of $0.10 per unit. Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.15 until September 3, 2011.

All securities issued are subject to a four month hold period expiring on January 3, 2010.

About Bison Gold

Bison Gold is a Canadian public company listed on the Canadian National Stock Exchange (the CNSX"). Bison Gold is focused on gold exploration with property assets in Canada. Further details can be found on Bison Gold's website at [ www.bisongold.com ].

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.

THE CNSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.