Bison Gold Exploration Inc. Announces Completion of Private Placement
July 20th, 2008 | by mantrionline |Bison Gold Exploration Inc. (”Bison Gold” or the “Company”) (CNQ: BGEI) today announced the completion of the final tranche of a non-brokered private placement financing for gross proceeds of $255,000. The proceeds of the financing will be used to fund the Company’s ongoing exploration programs in the province of Manitoba.
The company has issued 700,000 flow-through shares at $0.15 per share for gross proceeds of $105,000. The securities issued are subject to a four month hold period expiring November 7, 2008. The Company has issued 1,000,000 non flow-through units at $0.15 per unit for gross proceeds of $150,000. Each unit consists of one non flow-through common share and one common share purchase warrant. Each share purchase warrant entitles the holder to purchase one common share of the Company at a price of $0.25 until July 17, 2010.
Since May, 2008, the Company has issued 8,099,635 flow-through shares at $0.15 per share for gross proceeds of $1,214,945 and 2,033,333 non flow-through units at $0.15 per unit for gross proceeds of $305,000.
