Bison Gold Resources Inc. – News Release
TORONTO, July 4, 2012 /CNW/ – Bison Gold Resources Inc. (“Bison Gold”)
(TSX Venture: BGE) former Director, Chief Financial Officer and Vice
President Corporate Development, Mr. Amir Mousavi has filed a Notice of
Application with the commercial court branch of the Ontario Superior
Court of Justice to confirm the election of the Dissident Slate of
On June 26, 2012, at the Annual and Special Meeting of Shareholders, the
Chair of the meeting, a member of the incumbent board, disallowed all
but approx. 1.3 million shares voted pursuant to a completed dissident
proxy posted on SEDAR, on June 18(th), 2012, claiming that shareholders were ‘confused’ as to who they were
voting for. In total 27,551,241 proxies were voted in favour of the
Dissident directors. Only 22,448,821 proxies had been voted in favour
of the Management nominees.
In addition to Mr. Mousavi, the Dissidents’ nominees include David
Benson, Dale Dunlop, Remo DiFronzo and Chris Berlet. “We intend to
have the Court confirm the votes validly cast in favour of our
nominees”, said Mr. Mousavi. “There was no justification for the
incumbent board to disallow the votes of the majority of the
shareholders who voted at the meeting”.
Mr. Mousavi led the Dissidents after the incumbent board failed to
address concerns raised about lack of leadership and excessive CEO
compensation, travel and entertainment expenses. Details are contained
in the Dissidents’ Circular, posted on SEDAR.
The Application is scheduled for a first appearance at the Commercial
Court in Toronto on July 6, 2012.
SOURCE Bison Gold Resources Inc.