Bison Gold director Pirie resigns
2010-12-14 10:50 PT - News Release
Mr. Lucas Ewart reports
BISON GOLD RESOURCES INC. ANNOUNCES A CHANGE TO ITS BOARD OF DIRECTORS AND A $400,000 CONVERTIBLE DEBENTURE FINANCING
George Pirie has resigned from Bison Gold Resources Inc.'s board of directors. On Dec. 8, 2010, San Gold Corp. announced in Stockwatch that George Pirie had been appointed as president and chief executive officer of the company. Lucas Ewart, Bison Gold's chief executive officer, 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 with GC-Global Capital Corp. The loan has a term of one year, bears interest of 12 per cent per annum and is convertible into units at a price of 23.5 cents 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 30 cents 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 Exchange approval.
We seek Safe Harbor.
