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| BGL-TSXV February 12, 2010 BANDERA CLOSES FINANCING Bandera Gold Ltd. announced today that it has closed its non-brokered private placement of 5,500,000 units at a price of $0.15 per unit for proceeds of $825,000. Each unit consists of one common share and a half-warrant. Each whole warrant entitles the holder to purchase an additional common share at an exercise price of $0.25 per share on or before February 12, 2011. The securities issued pursuant to the private placement have a hold period expiring June 13, 2010. Finder’s fees of $3,255.00 are to be paid on the private placement. On Behalf of the Board Kelvin Williams President and CEO For further information please contact: Kelvin Williams, President and CEO (780) 465-4129 Web: www.banderagold.com Or Micro Cap et al, Investor Relations at: (877) 642-7622 E mail: info@microcapetal.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Bandera at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Bandera that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements. |
