The reporting person owns 15,314,618 shares of common stock of the issuer and warrants exercisable to acquire an additional 5,477,857 shares of common stock. The warrants are not exercisable if, as a result of an exercise, the holder would then become a beneficial owner of more than 20% of the issuer’s issued and outstanding common shares.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
**The percentages used herein are calculated based upon 107,177,732 outstanding shares as of September 30, 2008, plus 5,477,857 common shares in aggregate underlying warrants which are beneficially owned by the reporting person and included pursuant to Rule 13d-3(d)(1)(i) of the Act.
BUFFALO GOLD ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS
Vancouver, BC, February 17, 2009 – Buffalo Gold Ltd. (TSX-V: BUF; OTCBB: BYBUF; FWB: B4K) announces that as part of the Company’s plan to restructure there have been some changes implemented to the Board of Directors.
The Company would like to welcome the appointment of Mr. Adrian Rollke, Mr. Garry Stock and Mr. Peter Russell-Jones to the Board of Directors. Mr. Rollke has a background in corporate finance and has extensive experience as a senior officer and director of public companies. He was the secretary/treasurer and director of Atlanta Gold Corp., a Toronto Stock Exchange company, and he was extensively involved with Consolidated Ramrod Gold Corp., a TSX 300 listed company. Mr. Rollke is the founder of Pencari Resource Corp., a company trading on the TSX Venture Exchange. Currently he is on the Board of Oriental Minerals and Cascade Resources, both listed on the TSX Venture Exchange. Mr. Garry Stock brings more than 12 years of experience in the junior mining industry and has completed the chartered financial analyst designation He graduated with a bachelor (honours) in economics from McMaster University. Currently, Mr. Stock is the president of Teslin River Resources and the chief financial officer of Mega Moly Inc., both companies trading on the TSX Venture Exchange, as well as vice-president, corporate development, for Longview Capital Partners. Mr. Peter Russell-Jones has over 20 years of experience in the corporate environment, having commenced his career with Price Waterhouse. Much of this time has been spent in the resource sector in senior management positions. He was instrumental in establishing a venture capital fund management group in Australia, which currently has $100-million under management. These individuals bring a wealth of experience to the Board of Buffalo Gold and are excited about the opportunity to assist the Company in moving forward. Mr. Damien Reynolds will remain as chief executive officer and chairman of Buffalo Gold Ltd.http://www.sec.gov/Archives/edgar/data/1090053/...m6kbuffeb17news.htm