Bullion Gold Announces Private Placement
BULLION GOLD RESOURCES CORP.
#2270 – 1055 West Georgia Street, Vancouver, BC V6E 3P3 Tel: 604-558-1607 Fax: 604-200-0123
FOR IMMEDIATE RELEASE TSX-V: BGD November 5, 2012
BULLION GOLD ANNOUNCES PRIVATE PLACEMENT
Bullion Gold Resources Corp. (TSX-V: BGD) (“Bullion Gold” or the “Company”, formerly Tiex Inc.)
The Company announces a non-brokered private placement to raise $100,000 through the issuance of up to 2,000,000 units of the Company at a price of $0.05 per non-flow through unit (a “NFT Unit”). The Company reserves the right to increase the size of the private placement or to modify the type, nature and/or price of the units for any reason.
Each NFT Unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of $0.10 for two years following completion of the offering.
The private placement and any modifications to it are subject to compliance with applicable securities laws and to receipt of the approval of the TSX Venture Exchange. The Company may pay finders' fees in accordance with the policies of the TSX Venture Exchange.
The proceeds from the issuance of the NFT Units shall be used for general working capital.
Certain directors and officers of the Company may acquire securities under the private placement. Any such participation would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25% of the Company's market capitalization.
About Bullion Gold Resources Corp.:
Bullion Gold Resources Corp. is a TSX Venture listed mineral exploration company focused on the exploration of its 95,559 ha properties in the Cariboo Region, including the 16,180 ha Bullion Property which is under an earn-in option/joint venture agreement with Newmont Canada Corporation. The properties are located in the prolific Quesnel Terrane of central British Columbia, Canada and are accessible by highway and logging roads year round.
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.
For information contact: Terry D. Severs, President & CEO Telephone: (604) 558-1607 Facsimile: (604) 200-0123 Email: terry@bulliongold.ca