|

2007 Press Releases


Bison Gold Exploration Inc. Announces Completion of Private Placement

December 27, 2007 - Toronto, Ontario - Bison Gold Exploration Inc. ("Bison Gold" or the "Company") (CNQ: BGEI) today announced the completion of the third tranche of a non-brokered private placement financing for gross proceeds of $300,000. 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 1,000,000 flow-through units at $0.30 per unit for gross proceeds of $300,000. Each unit consists of one flow-through 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 $0.40 until December 27, 2009.

The Company paid a cash commission of 8% of the gross proceeds. The securities issued are subject to a four month hold period expiring on April 27, 2008.

Since August, 2007, the Company has raised gross proceeds of $1,595,400 including $870,400 in flow-through private placement financings, $475,000 in non flow-through private placement financings and $250,000 in convertible loan financings.

About Bison

Bison is a CNQ-listed company focused on exploring for high grade gold with property assets in Manitoba, Saskatchewan and Nevada. Bison Gold is led by a seasoned management team with the primary focus of delivering shareholder value appreciation.

As of December 27, 2007 the Company had 25,403,835 common shares outstanding and 35,789,501common shares fully diluted.

For more information, please contact Mr. Lucas Ewart, CEO at (416) 646-7649.

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

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.


Bison Gold Exploration Inc. Announces Completion of Private Placement, Shares for Debt and Changes to its Board of Directors

November 28, 2007 - Toronto, Ontario - Bison Gold Exploration Inc. ("Bison Gold" or the "Company") (CNQ: BGEI) today announced the completion of the second tranche of a non-brokered private placement financing for gross proceeds of $234,900. 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 900,000 non flow-through units at $0.25 per unit for gross proceeds of $225,000. Each unit consists of one non flow-through common share and 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 $0.35 until November 26, 2009.

The Company has issued 33,000 flow-through units at $0.30 per unit for gross proceeds of $9,900. Each unit consists of one flow-through 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 $0.40 until November 26, 2009.

The Company paid a cash commission of 8% of the gross proceeds. The securities issued are subject to a four month hold period expiring on March 26, 2008.

Since August, 2007, the Company has raised gross proceeds of $1,295,400 including $570,400 in flow-through private placement financings, $475,000 in non flow-through private placement financings and $250,000 in convertible loan financings.

The Company has settled a statement of claim which demanded repayment of a promissory note of $30,060. The Company had accrued interest totaling $21,644 on the promissory note. The settlement amount was $35,000 payable through the issuance of 140,000 common shares of the Company at a value of $0.25 per share. The shares for debt issued are subject to a four month hold period expiring on March 26, 2008.

The Company is pleased to announce the addition of Mr. Daniel Dumas to the Board of Directors. Mr. Dumas has been the President and CEO of Dumas Contracting Ltd. since 1993. Dumas Contracting Ltd. is a mining contracting and engineering company with annual sales of over $120 million and with over 1000 employees. Mr. Lucas Ewart, the current CEO of Bison, has also joined the Board of Directors.

Mr. Chris Watkiss, the Company's CEO from December 2005 to August 2007, has resigned from the Board of Directors. "We would like to thank Chris for his contribution and we wish him all the best in his future endeavours," said Dale Dunlop, Chairman of the Board of Bison. "Chris' efforts have ensured that Bison Gold continues to maintain a strong portfolio of gold and base metal properties in Manitoba and elsewhere."

About Bison

Bison is a CNQ-listed company focused on exploring for high grade gold with property assets in Manitoba, Saskatchewan and Nevada. Bison Gold is led by a seasoned management team with the primary focus of delivering shareholder value appreciation.

As of November 28, 2007 the Company had 24,403,835 common shares outstanding and 34,289,501common shares fully diluted.

For more information, please contact Mr. Lucas Ewart, CEO at (416) 646-7649.

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

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.


Bison Gold Exploration Inc. Announces Completion of Private Placement

October 31, 2007 - Toronto, Ontario - Bison Gold Exploration Inc. (the "Company") today announced the completion of the first tranche of a non-brokered private placement financing for gross proceeds of $810,500. The proceeds of the financing will be used to fund the Company's ongoing exploration programs in Manitoba, Canada as well as working capital and general corporate services.

The Company has issued 1,868,333 flow-through units at $0.30 per unit for gross proceeds of $560,500. Each unit consists of one flow-through 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 $0.40 until October 30, 2009.

The Company has issued 1,000,000 non flow-through units at $0.25 per unit for gross proceeds of $250,000. Each unit consists of one non flow-through common share and 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 $0.35 until October 30, 2009.

The Company paid a cash commission of 8% of the gross proceeds.

The securities issued are subject to a four month hold period expiring on March 1, 2008.

For more information, please contact Mr. Lucas Ewart, CEO at (416) 488-7760.

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

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.


Bison Gold Exploration Inc. Announces a Management Change, a $250,000 Financing and the Grant of Stock Options

August 14, 2007 - Toronto, Ontario, - Bison Gold Exploration Inc. (CNQ - BGEI) ("Bison" or the "Company") is pleased to announce that effective today Lucas Ewart has been named the Chief Executive Officer. The previous C.E.O., Chris Watkiss has resigned and will remain with the Company as a member of the Board of Directors as well as a consultant. Chris Carmichael, a current Director of Bison, has been named chief Financial Officer and Secretary. W. Dale Dunlop has been named Chairman of Bison and has resigned as the Secretary-Treasurer of Bison.

The Company has also completed a $250,000 secured convertible loan financing (the "Loan") with GC-Global Capital Corp. The Loan bears interest of 12% per annum and a 2% structuring fee was paid to GC-Global Capital Corp. The Loan is convertible into units at a price of $0.10 per unit. Each unit consists of one common share and one half of one common share purchase warrant. Each full warrant will entitle the holder thereof to purchase an additional common share of the Company at $0.15 per share for a period of two years. The proceeds of the Loan will be used for general working capital purposes. The Loan is secured by a general security agreement on all present and future movable property of Bison. GC-Global Capital Corp. currently owns 12.4% of the outstanding common shares of the Company.

Bison also announces that under the Company's Stock Option Plan, it granted on August 14, 2007 to two Officers, one Director and a consultant of the Company incentive stock options to purchase an aggregate of 725,000 common shares of the Company at an exercise price of $0.12 per share expiring August 14, 2012. These incentive stock options are subject to acceptance by the CNQ. The number of shares reserved for issuance under the Plan is 2,046,250 of which 2,035,000 have been granted under the plan. The 1,310,000 stock options previously issued have an exercise price of $0.50 and expire on December 23, 2010.

Bison Gold Exploration Inc. is a Canadian public company listed on the CNQ. Bison is focused on Gold Exploration with Property Assets in Canada and Nevada. Further details can be found on Bison's website at www.bisongold.com.

For more information contact: Lucas Ewart, CEO, at 416 488-7760 or Chris Carmichael, CFO and Director, at 416 488-7760.

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

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.


Drill Program Begins on Gunman Zinc Project in Nevada

April 17, 2007 - Vancouver, BC - Cypress Development Corp. (TSX.V: CYP) announces that a diamond drill program on the Cypress (73.13%) / Bison Gold Exploration (26.87%) owned Gunman zinc project located in White Pine County, northeast Nevada has commenced. The program will consist of up to 12,000 feet of diamond drilling in Phase 1 2007.

Cypress Development, as operator, completed a Titan electric survey, followed by a detailed gravity survey in late 2006. Both surveys were centered on the high-grade zinc-silver oxide/sulfide RH Zone area and extended a total of 1.2 miles to cover the known alteration / mineralization in the host carbonate section within the RH Trend. The survey was designed to map conductive bodies beneath and lateral to the strongly oxidized RH Zone deposit. A series of strong discrete conductors are apparent along the RH Trend. Detailed geologic control from surface mapping indicates that these conductors occur within north-south striking RH Zone carbonate stratigraphy.

The Gunman RH Zone zinc oxide, sulfide, & silver mineralization highlights encountered to date are partially illustrated below.

Hole ID From To Width % Zinc Silver oz/ton In Oxides or Sulfides
GM-01 115 ft 215 ft 100 ft 4.91% 1.1 oz oxide
Incl 165 ft 195 ft 30 ft 19.62% 3.5 oz oxide
GM-01 355 ft 385 ft 30 ft 10.03% 2.6 oz sulfide
Incl 355 ft 375 ft 20 ft 15.20% 3.5 oz sulfide
Gm-09 120 ft 345 ft 225 ft 4.01% 1.0 oz oxide
Incl 175 ft 190 ft 15 ft 14.67% 2.6 oz oxide
GM-09 220 ft 330 ft 110 ft 4.00% 1.0 oz sulfide
Incl 240 ft 280 ft 40 ft 8.10% 1.5 oz sulfide
GM-26 0 ft 250 ft 250 ft 11.04% 2.7 oz oxide
Inc 130 ft 205 ft 75 ft 26.88% 7.1 oz oxide
GM-32 50 ft 170 ft 120 ft 9.10% 1.5 oz oxide

In addition to the RH Zone, at least 3 new targets were identified as having zinc oxide potential. A total of 5 targets were identified as having zinc sulfide potential. None of the targets have been drill tested and all but one of the targets is within 1000 feet of surface. All of these anomalies lie within the RH Trend. These anomalies could be the result of mineralization of a similar nature to that found at the RH Zone, however they lie considerably south of any known drill results. Cypress will diamond drill these conductors with a program starting at the end of March 2007. Of major significance is the size of all the potential targets in that all of the new targets are believed to be significantly larger than that of the RH Zone zinc-silver deposit.

The RH zinc-silver zone is contained in an area of approx. 260 feet by 150 feet and to a depth of approx. 110 feet. The combined presence of host rock, structure, surface and drill indicated zinc-silver mineralization and strong Titan conductive anomalies make the RH Trend targets a priority for the exploration of additional massive sulfide deposits on the Gunman project in Nevada.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Cypress Development Corp. is a precious and base metal exploration company developing 2 gold properties in Red Lake, Ontario, Canada, and 2 gold properties, a silver/copper property, and a zinc property in Nevada, U.S.A. To find out more about Cypress Development Corp. (TSX.V: CYP), visit the Company's website at www.cypressdevelopmentcorp.com .

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"
DONALD C. HUSTON
President

For further information contact myself or:
Don Myers
Cypress Development Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com

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

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.


12,000 Feet Drill Program to Begin on Gunman Zinc Project in Nevada

March 8, 2007 - Vancouver, BC - Cypress Development Corp. (TSX.V: CYP) and Bison Gold Exploration Inc. (CNQ: BGEI) are pleased to announce they have contracted out a diamond drill program on the Cypress (73.13%) / Bison (26.87%) owned Gunman zinc project located in White Pine County, northeast Nevada. The program will consist of up to 12,000 feet of diamond drilling in Phase 1 2007. A Bureau of Land Management (BLM) exploration permit was commenced in November 2006 in preparation of the 2007 diamond drill program.

Cypress Development, as operator, completed a Titan electric survey, followed by a detailed gravity survey in late 2006. Both surveys were centered on the high-grade zinc-silver oxide/sulfide RH Zone area and extended a total of 1.2 miles to cover the known alteration / mineralization in the host carbonate section within the RH Trend. The survey was designed to map conductive bodies beneath and lateral to the strongly oxidized RH Zone deposit. A series of strong discrete conductors are apparent along the RH Trend. Detailed geologic control from surface mapping indicates that these conductors occur within north-south striking RH Zone carbonate stratigraphy.

The Gunman RH Zone zinc oxide, sulfide, & silver mineralization highlights encountered to date are partially illustrated below.

High Grade Intercept Results:

Hole ID From To Width % Zinc Silver oz/ton In Oxides or Sulfides
GM-01 115 ft 215 ft 100 ft 4.91% 1.1 oz oxide
Incl 165 ft 195 ft 30 ft 19.62% 3.5 oz oxide
GM-01 355 ft 385 ft 30 ft 10.03% 2.6 oz sulfide
Incl 355 ft 375 ft 20 ft 15.20% 3.5 oz sulfide
Gm-09 120 ft 345 ft 225 ft 4.01% 1.0 oz oxide
Incl 175 ft 190 ft 15 ft 14.67% 2.6 oz oxide
GM-09 220 ft 330 ft 110 ft 4.00% 1.0 oz sulfide
Incl 240 ft 280 ft 40 ft 8.10% 1.5 oz sulfide
GM-26 0 ft 250 ft 250 ft 11.04% 2.7 oz oxide
Inc 130 ft 205 ft 75 ft 26.88% 7.1 oz oxide
GM-32 50 ft 170 ft 120 ft 9.10% 1.5 oz oxide

In addition to the RH Zone, at least 3 new targets were identified as having zinc oxide potential. A total of 5 targets were identified as having zinc sulfide potential. None of the targets have been drill tested and all but one of the targets is within 1000 feet of surface. All of these anomalies lie within the RH Trend. These anomalies could be the result of mineralization of a similar nature to that found at the RH Zone, however they lie considerably south of any known drill results. Cypress will diamond drill these conductors with a program starting at the end of March 2007. Of major significance is the size of all the potential targets in that all of the new targets are believed to be significantly larger than that of the RH Zone zinc-silver deposit.http://www.cypressdevelopmentcorp.com/s/Gunman.asp

The RH zinc-silver zone is contained in an area of approx. 260 feet by 150 feet and to a depth of approx. 110 feet. The combined presence of host rock, structure, surface and drill indicated zinc-silver mineralization and strong Titan conductive anomalies make the RH Trend targets a priority for the exploration of additional massive sulfide deposits on the Gunman project in Nevada.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Cypress Development Corp. is a precious and base metal exploration company developing 2 gold properties in Red Lake, Ontario, Canada, and 2 gold properties, a silver/copper property, and a zinc property in Nevada, U.S.A. To find out more about Cypress Development Corp. (TSX.V: CYP), visit the Company's website at www.cypressdevelopmentcorp.com .

ON BEHALF OF THE BOARD OF DIRECTORS

"Don Huston"
DONALD C. HUSTON
President

For further information contact myself or:
Don Myers
Cypress Development Corp.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@cypressdevelopmentcorp.com

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

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.


Bison Gold Exploration Inc. Announces $2.3 Million Financing

February 5, 2007 - Toronto, ON - Bison Gold Exploration Inc. (BGEI - CNQ) ("Bison") is pleased to announce, subject to regulatory approval, that it has engaged Union Securities Ltd. to act as its Agent to complete a Private Placement of up to 5 million Units of which up to 2.5 million Units will be offered on a flow-through basis (the "Flow-Through Units") and up to 2.5 million Units will be offered on a non flow-through basis (the "Non Flow-Through Units") (the "Offering"). Each Flow-Through Unit will consist of one flow-through common share with one half common share purchase warrant and each Non Flow-Through Unit will consist of one non flow-through common share with one common share purchase warrant.

The issue price is $0.40 (Canadian) per Unit. Each common share purchase warrant will entitle the holder thereof to purchase an additional non flow-through common share of the Company at $0.60 (Canadian) per share for a period of 14 months from the Closing Date.

The Company will grant to the Agent an over-allotment option ("Over-Allotment Option") to purchase up to an additional 750,000 Units ($300,000) of either Flow-Through Units or Non Flow-Through Units, such Units to be issued on Closing, at a price equal to the Issue Price. If exercised, such Over-Allotment Option must be executed within 5 business days of the Closing Date and completed within 10 business days of the final Closing Date.

The proceeds from the Offerings will be used to fund Bison's ongoing exploration programs in Manitoba, Canada, and in Nevada, USA as well as working capital and general corporate services.

In consideration for its services, the Agent will receive 8% in cash commission based on Units sold pursuant to the Offering and the Over-Allotment Option payable at Closing. In addition, the Company will issue to the Agent, at Closing, compensation warrants (the "Agent's Compensation Warrants") equal to 10% of the respective Flow-Through Units and Non Flow-Through Units sold pursuant to the Offering and the Over-Allotment Option. Each Agent's Compensation Warrant entitles the Agent to purchase one Non Flow-Through Unit of the Company (as applicable) at the applicable Issue Price per Unit at any time prior to the date that is 24 months from the Closing Date.

Bison Gold Exploration Inc. is a canadian public company listed on the CNQ Exchange. Bison is focused on Gold Exploration with Property Assets in Canada and Nevada. Further details can be found on Bison's website at www.bisongold.com

For more information contact: Christopher Watkiss, President and CEO, at 416-850-4922 or W. Dale Dunlop, Secretary and Director, at 902-423-8121. Email: info@bisongold.com

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

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






Corporate Properties Investor Info News & Reports Contact

Corporate Profile
Board of Directors
Management

 

 

 

Rice Lake
Snow Lake
Additional Claims




 


Stock Information
Share Structure
Historical Financials
Investor Presentation
Sedar Filings
Analyst Reports
Photos
Cautionary Notes
Links

 

43-101
Technical Reports
2016 Press Releases
2015 Press Releases
2014 Press Releases
2013 Press Releases
2012 Press Releases
2011 Press Releases
2010 Press Releases
2009 Press Releases
2008 Press Releases
2007 Press Releases
2006 Press Releases
2005 Press Releases

 

 

Contact Us










© 2009 Bison Gold Resources Inc.