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
Directors.
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 18th,
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.