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BGL-TSXV February 17, 2010 BANDERA DIRECTORS FILE EARLY WARNING REPORTS Edmonton, Alberta: – Russel J. Renneberg (“Renneberg”) and Robert R. Morrison (“Morrison”) have each acquired 2,000,000 units of Bandera Gold Ltd. (“Bandera”) at a price of $0.15 per unit. Each unit consists of one common share and one-half warrant of Bandera. Each whole warrant entitles Renneberg and Morrison to each acquire one common share of Bandera at an exercise price of $0.25 per share on or before February 12, 2011. The units were issued by Bandera pursuant to a private placement completed on February 12, 2010 pursuant to the exemption contained in NI 45-106, Section 2.5. As a result of the purchase of the units, Renneberg holds 7,392,300 Bandera common shares representing 10.7% of Bandera’s outstanding common shares and Morrison holds 6,863,000 representing 10.0% of Bandera’s outstanding common shares. The securities were acquired by Renneberg and Morrison for investment purposes. Renneberg and Morrison may acquire additional securities of Bandera from time to time. Further details related to the above transaction can be found in the corresponding report, as filed in accordance with National Instrument 62-103 on SEDAR (www.sedar.com.) For a copy of the report, please contact Kelvin Williams, President and CEO of Bandera Gold Ltd., at (780) 429-4961. 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. |
