Bullion Gold Closes 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 December 27, 2012
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
BULLION GOLD CLOSES PRIVATE PLACEMENT
Bullion Gold Resources Corp. (TSX‐V: BGD) (“Bullion Gold” or the “Company”) is pleased to announce it has closed its non‐brokered private placement and raised $83,000 through the issuance of 1,660,000 units of the Company at a price of $0.05 per non‐flow through unit (a “NFT Unit”). Each NFT Unit consists of one common share and one non‐transferable common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of $0.10 for two years, expiring on December 28, 2014.
In aggregate, finder’s fees of $2,500 were paid to PI Financial Corp. All securities issued under the Offering are subject to a four‐month hold period expiring April 28, 2013.
The proceeds from the issuance of the NFT Units shall be used for general working capital. Mr. Severs reports that these funds will allow the Company to move forward with a comprehensive plan to ensure that exploration work in the Spring of 2013 will bring significant value to the Company.
“During the funding process the Company made new inroads which will enhance the value of Bullion Gold for years to come. Management remains very positive regarding the Company’s future and is looking forward to a very positive 2013 for the Company and its shareholders”, reports Mr. Severs.
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.
For information contact: Terry D. Severs, President & CEO Telephone: (604) 558‐1607 Facsimile: (604) 200‐0123 Email: terry@bulliongold.ca
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitutes forward‐looking statements. In making the forward‐looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the Company's planned exploration activities, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward‐looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward‐looking statements. Such risk factors include, among others, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward‐looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward‐looking statements whether as a result of new information, future events or otherwise, except as required by law.