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2010 Press Releases

 

Dec 16, 2010 09:53 ET

Bison Gold Resources Inc. First Hole Completed on Central Manitoba Property

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2010) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce that drilling commenced on the Central Manitoba Property on November 30, 2010 and the first drill hole has been completed. 

The first hole tested the up-dip extension of the mineralization intersected in drill hole OG-09-07, 34.99 g/t Au over a drill core width of 4.76 metres (the Ogama zone). The hole intersected the same mineralized structure at the predicted depth. This mineralized structure consists of a strongly altered shear zone with abundant quartz veining and 10-15% sulphide minerals (chalcopyrite, pyrrhotite and pyrite) throughout. Visible gold was identified within this interval and two other shear zones within the hanging wall of the Ogama Zone. Assays for this drill hole are pending and the Company expects to receive and report results by mid-January. The next drill hole will test the down-dip extension of the mineralized structure intersected in OG-09-07 and the first drill hole of this program. 

All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has reviewed the technical portions of this news release. 

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Canada. The flagship property, Central Manitoba, is historically the 2 nd largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s Rice Lake Mining Operations. Further details can be found on Bison Gold's website at www.bisongold.com .

We seek safe harbour. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Dec 14, 2010 13:39 ET

Bison Gold Resources Inc. Announces a Change to Its Board of Directors and a $400,000 Convertible Debenture Financing

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2010) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) today announces that George Pirie has resigned from the Board of Directors. On December 8, 2010, San Gold Corporation announced that George Pirie had been appointed as president and chief executive officer of the company. Lucas Ewart, Bison Gold's CEO stated, "I would like to thank George for his contribution to Bison's development and successes and congratulate him on his new venture with San Gold."

The Company has also arranged a $400,000 secured convertible loan financing (the "Loan") with GC-Global Capital Corp. The Loan has a term of one year, bears interest of 12% per annum and is convertible into units at a price of $0.235 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 $0.30 per share for a period of one year from the closing date. 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 Gold.

Closing of the convertible debenture is subject to TSX Venture approval.

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Manitoba, Canada. Bison Gold's land holdings have historically produced in excess of 200,000 ounces of gold. Further details can be found on Bison Gold's website at www.bisongold.com .

We seek safe harbour. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Nov 29, 2010 10:36 ET

Bison Gold Resources Inc. Drilling Set to Commence on the Central Manitoba Property

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) is pleased to announce that a drill has been mobilized to the Central Manitoba Property to undertake a minimum 5,000 metre drilling program.

The initial 5,000 metres of diamond drilling will test the depth and strike extensions to the high grade discoveries made from the 2009 drill program on the Ogama-Rockland zone (see July 7, 2010 and August 17, 2010 press releases). In particular, step-out drilling below and along strike from drill hole OG-09-07, which intersected 34.99 g/t Au over a drill core width of 4.73 metres; OG-09-01 which intersected 36.54 g/t Au over a drill core width of 1.92 metres and OG-09-02 which intersected two gold-mineralized structures of 26.48- and 25.17 g/t Au over drill core widths of 1.25- and 0.99 metres, respectively. 

"Positive results from this phase of drilling will lay the framework for an initial resource estimate on the Ogama-Rockland Zone," stated Lucas Ewart, President and CEO for Bison Gold.

All exploration activities for Bison Gold are under the supervision and guidance of David C. Benson, P.Geo, and a Qualified Person under NI 43-101. Mr. Benson has reviewed the technical portions of this news release. 

About Bison Gold

Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Canada. The flagship property, Central Manitoba, is historically the 2 nd largest gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s Rice Lake Mining Operations. Further details can be found on Bison Gold's website at www.bisongold.com .

We seek safe harbour. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Nov 26, 2010 16:30 ET

GC-Global Capital Corp. Announces Its Financial Results for the Nine Month Period Ended September 30, 2010

TORONTO, ONTARIO-- (Marketwire - Nov. 26, 2010) - GC-Global Capital Corp. ("Global Capital") (TSX VENTURE:GDE.A) announces its financial results for the nine months ended September 30, 2010.

Highlights from the nine months ended September 30, 2010

  • Net assets of $15.3 million or $0.78 per share at the end of the quarter;
  • Net income before taxes of $76,680 for the first nine months compared to net income before tax of $508,618 for the same period in 2009; 
  • Cash and short term investments of $4.8 million ($0.24 cash per share) at the end of the quarter.

Management's Comments

As at September 30, 2010 Global Capital had net assets totaling $15.3 million or $0.78 per share compared to $15.5 million or $0.78 per share as at December 31, 2009.

For the nine months ended September 30, 2010, Global Capital had net income before taxes of $76,680 or $0.00 per share compared to a net income before tax of $508,618 or $0.03 per share for the same period in 2009. Net income for the nine months ended September 30, 2010 was $65,845 or $0.00 per share as compared to a net income of $508,618 or $0.03 per share for the same period in 2009. For the quarter ended September 30, 2010, Global Capital had a net income before taxes of $36,977 or $0.00 per share compared to a net income before tax of $842,886 or $0.04 per share for the same period in 2009. Net income for the quarter ended September 30, 2010 was $36,977 or $0.00 per share as compared to a net income of $842,886 or $0.04 per share for the same period in 2009. The above net income per share has been calculated using the weighted average number of multiple and subordinate voting shares during each period.

The Company's loan and convertible debenture portfolio amounted to $4.2 million, a decrease of 56% as compared to $9.6 million at December 31, 2009. The decrease was mainly due to the repayment of bridge loans outstanding during the period as well as a partial conversion of the Company's outstanding convertible debentures.

Total assets as at September 30, 2010 were $16.5 million compared to $16.5 million as at December 31, 2009. Included in total assets are $4.8 million in cash and short term investments (December 31, 2009 - $2.2 million), $4.2 million in notes receivable, bridge loans and convertible debentures (December 31, 2009 - $9.6 million), $3.6 million in portfolio investments (December 31, 2009 - $2.1 million), $0.2 million in an investment in an associated company (December 31, 2009 - $Nil), $2.6 million in investment property (December 31, 2009 - $1.4 million), $0.5 million in other assets (December 31, 2009 - $0.5 million) and $0.6 million in future income taxes (December 31, 2009 - $0.6 million).

Chief Executive Officer, Jason Ewart commented, "We ended the quarter with six secured convertible debentures in public companies in our portfolio. Management is focused on crystallizing gains on these securities over the next six months and looks forward to showing this progress over the coming quarters." He added "Global Capital continues to hold a significant amount of cash which we are working to deploy in new transactions a timely manner." 

Subsequent Events - Bridge Loan Client Update

During the third quarter and subsequent to the end of the third quarter, several of Global Capital's current bridge loan clients continued to advance their business operations. 

Knightscove Media Corp.'s ("Knightscove") video-on-demand network, KnightTV, signed new libraries increasing its content from 40 programs to over 400 programs. Knightscove also announced that it was experiencing strong advanced DVD sales heading into the fall market and the premier of its feature film "Sophie" at the American Film Market. Knightscove Media Corp. along with its wholly owned subsidiaries, Morningstar Entertainment Inc. ("Morningstar") and Knightscove Family Films Inc., is an integrated Canadian entertainment company specializing in the distribution, acquisition and creation of high quality live-action feature films and television productions for the whole family.

During the fall, Cantronic Systems Inc. ("Cantronic") reported a second quarter that showed a year-over-year increase of quarterly sales of 29.6%, a new supply contract with a South Korean Defence Integrator and the closing of a $2.5 mm private placement unit offering. Cantronic manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for homeland security and surveillance applications.

During the fall, Bison Gold Resources Inc. ("Bison Gold") announced the completion of private placement equity and flow-through financings for gross proceeds of $2.79 million and received approval from the Manitoba Conservation for a work permit to conduct a diamond drilling program on its central Manitoba property for the fall/winter 2010-2011. Bison Gold is a Canadian public company listed on the TSX Venture Exchange. Bison Gold is focused on gold, base metal and rare element exploration with property assets in Manitoba, Canada. Bison Gold's land holdings have historically produced in excess of 200,000 ounces of gold.

In October, Iseemedia Inc. ("Iseemedia") announced the completion of a private placement offering for gross proceeds of $3,000,000. Following the closing of the private placement, Global Capital's bridge loan to Iseemedia was fully repaid. Iseemedia Inc. is a mobile software company focused on the commercialization of a Service Delivery Platform (iseemail(TM)) for delivering push Email services to the mass market and an advanced Content Delivery Platform (iseedocs(TM)) for rich media adaptation and extremely cost-efficient network delivery to mobile devices.

In early November, Royal Coal Corp. ("Royal Coal") announced that it had completed the issuance of notes to Juno Special Situations Corporation in the aggregate principal amount of US$2,000,000. The proceeds of the note issuance will be used to fund the Company's ongoing coal mining operations. Royal Coal also announced it had entered into new royalty arrangements with third parties to provide additional operating capital to Royal Coal of US$1,500,000. Royal Coal is a coal exploration and production company, headquartered in Toronto, Ontario, Canada with a regional office in Hazard, Kentucky, U.S.A. whose primary business focus is developing producing surface coal mining operations in the Central Appalachian coal producing region of the United States, which includes parts of West Virginia, Virginia, Kentucky, Ohio, and Tennessee.

In November, MBMI Resources Inc. ("MBMI") announced the closing of the first tranche of a non-brokered private placement financing for gross proceeds of $1.05 million. The proceeds of this financing shall be used for the development of MBMI's Palawan, Philippine nickel mineral properties. MBMI and its Philippine partners have an interest in nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI's objective is to become a major supplier of high-grade nickel products to primary industrial consumers in Asia.

A full set of unaudited financial statements and related notes have been filed on SEDAR.

About GC-Global Capital Corp.

Global Capital is a merchant bank which provides bridge loan services (asset back/collateralized financing), to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology. In 2009, the Company launched the GC-Global Capital Lending Partners Limited Partnership (the "Fund") which provides secure bridge loans to micro-cap and small-cap companies. The Fund's investment objective is to provide investors with a high yield and the preservation of capital. As the General Partner of the Fund, Global Capital participates along side the fund in these bridge loan transactions and receives a management fee and performance bonus for its services. For further information, please contact Jason G. Ewart at (416) 488-7760 or visit our website at www.gcglobalcapital.ca .

Forward-Looking Information

These materials include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Other than statement of historical fact, all statements in this material, including, without limitation, statements regarding fair values of marketable securities, investments, bridge loans, convertible debentures, estimated asset retirement obligations, and future plans and objectives of the Company, are forward-looking statements that involve various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of these materials. Important factors that could cause actual results to differ materially from the Company's expectations include, without limitation, the level of bridge loans completed, the nature and credit quality of the collateral security, the sufficiency of cost estimates for remaining reclamation obligations as well as those factors discussed in the Company's documents filed from time to time with the TSX Venture Exchange, Canadian securities regulators and other regulatory authorities. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






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