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GDE.A

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Share Name Share Symbol Market Type
TSXV:GDE.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

GC-Global Capital Corp. Announces it has Completed a $350,000 Secured Convertible Loan to Bison Gold Resources Inc.

21/09/2010 9:30pm

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GC-Global Capital Corp. (TSXV:GDE.A)
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GC-Global Capital Corp. ("Global Capital") (TSX VENTURE: GDE.A) is pleased to announce that it has completed a one year, $350,000 secured convertible loan (the "Loan") to Bison Gold Resources Inc. ("Bison Gold") (TSX VENTURE: BGE), a related party as a result of common officers. The Loan bears interest at a rate of 12% per annum compounded and payable monthly. The Loan is convertible into 1,750,000 units at a conversion price of $0.20 per unit. Each unit is comprised of one common share of Bison Gold and half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.25 for a period of 12 months from the closing date. The funds are to be used as general working capital.

Bison Gold has concurrently completed a non-brokered private placement financing (the "Financing") of 3,412,223 units at $0.18 per unit for gross proceeds of $614,200. Each unit consists of one common share and one half of one common share purchase warrant. Each full warrant entitles the holder to purchase one common share at a price of $0.25, and has an expiry period of two years.

About Global Capital

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 alongside the fund in these bridge loan transactions and receives a management fee and performance bonus for its services.

About Bison Gold Resources Inc.

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.

Neither 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.

Contacts: GC-Global Capital Corp. Jason G. Ewart (416) 488-7760 www.gcglobalcapital.ca

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