Bison Gold arranges $1.5-million, $1-million placements

2011-04-08 12:16 ET - News Release

Mr. Lucas Ewart reports

BISON GOLD RESOURCES INC. ANNOUNCES FLOW-THROUGH AND NON-FLOW-THROUGH PRIVATE PLACEMENT FINANCING

Bison Gold Resources Inc. has received conditional approval of a non-brokered flow-through private placement financing of up to 3,333,334 common shares at price of 45 cents per share for a total gross proceeds of up to $1.5-million. All common shares issued will be subject to a four- month hold period from the date of closing. The proceeds of the flow-through financing will be used to finance the company's continuing exploration programs in the province of Manitoba.

In addition, the company has received conditional approval of a non-brokered non-flow-through private placement financing of up to 2,857,143 units at a price of 35 cents per unit for total gross proceeds of up to $1-million. Each unit consists of one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of 50 cents, and has an expiry period of two years. All common shares issued will be subject to a four-month hold period. The warrants may be subject to accelerated expiry in certain circumstances. Proceeds of the non-flow-through private placement financing will be used for general working capital purposes.

In connection with the flow-through and non-flow through private placement offerings, the company may pay finders' fees and may also issue broker warrants.

The private placement offerings are both subject to the final approval of the TSX Venture Exchange.

We seek Safe Harbor.