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Bison Gold Resources Inc.: Bison Gold Resources Inc. Announces Completion of a Private Placement

^{Published on 2009-09-17 06:43:18 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2009) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (CNSX:BGE) today announced the completion a second and final tranche of a non-brokered private placement financing for gross proceeds of $272,000. To date the Company has raised $1,051,111 in the private placement financing. 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 5,440,000 units at $0.05 per unit for gross proceeds of $272,000. 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 17, 2011. The securities issued are subject to a four month hold period expiring on January 17, 2010.

The Company paid a cash commission of $21,760 for the financing.

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.