Key Developments: American Bonanza Gold Corp (BZA.TO)
0.05CAD
16 May 2013
$-0.00 (-8.33%)
$0.06
$0.06
$0.06
$0.05
145,600
210,355
$0.34
$0.05
Latest Key Developments (Source: Significant Developments)
American Bonanza Gold Corp Comments On Q1 2013 Production Guidance
American Bonanza Gold Corp announced that it continues towards its goal of achieving commercial production, estimated for the first quarter of 2013. Full Article
American Bonanza Gold Corp Announces Arrangement Of Additional Funding
American Bonanza Gold Corp announced that it has completed a non-brokered private placement (the Offering) to continue ramping up production at the Copperstone gold mine and for general working capital. In connection with the Offering, the Company has issued 25,000,000 units (the Units) at a price of $0.20 per Unit for gross proceeds of $5,000,000. Each Unit is comprised of one common share (a Share) and one common share purchase warrant (a Warrant). Each Warrant entitles the holder thereof to purchase one additional common share at a price of $0.30 for a period of one year from the date of issuance. The Units were sold by way of private placement exemptions in Canada and other jurisdictions where they can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements. In connection with the Offering, the Company paid finder's fees in the amount of $224,167. All securities issued in connection with the Offering are subject to a statutory hold period in Canada expiring January 15, 2013. Full Article
National Bank Financial Exercises Over-Allotment Option for American Bonanza Gold Corp. Public Offering
American Bonanza Gold Corp. announced that, further to its news releases of September 8, 2011 and September 29, 2011 regarding its previously completed public offering (Offering), in which the Company sold an aggregate of 11,500,000 common shares of the Company on a bought deal basis, through National Bank Financial Inc. (Underwriter), the Underwriter has fully exercised its over-allotment option to acquire an additional 1,725,000 common shares of the Company (Optioned Shares) at a price of $0.53 per Optioned Share for additional gross proceeds of $914,250. The Company will use the net proceeds of the sale of the Optioned Shares to accelerate the planned transition of the Copperstone Mine into an entirely owner-operated facility and to accelerate the Company's exploration program at the Copperstone Mine. Full Article
American Bonanza Gold Corp. Closes $6 Million Financing
American Bonanza Gold Corp. announced that it has closed the previously announced public offering of common shares of the Company. A total of 11,500,000 Shares were sold under the Offering on a bought deal basis to National Bank Financial Inc., at a price of $0.53 per Share, for gross proceeds of $6,095,000, pursuant to an Underwriting Agreement dated September 14, 2011. The Company paid the Underwriter a cash commission equal to 6% of the gross proceeds of the Offering and issued to the Underwriter broker warrants to purchase that number of common shares of the Company equal to 6% of the Offering at a price of $0.61 per share, exercisable until March 29, 2013. The Underwriter holds an over-allotment option, exercisable at any time prior to 30 days following the closing of the Offering, to acquire up to an additional 1,725,000 Shares at a price of $0.53 per Share. The Company will use the net proceeds of the Offering to accelerate the planned transition of the Copperstone Mine into an entirely owner-operated facility and to accelerate the Company's exploration program at the Copperstone Mine. Full Article
American Bonanza Gold Corp. Announces Sale Of Shareholding Of 4,500,000 Common Shares In Balmoral Resources Ltd.
American Bonanza Gold Corp. announced it has sold its shareholding of 4,500,000 common shares of Balmoral Resources Ltd. for gross proceeds of $4,950,000. The net proceeds will be used for exploration and development and general working capital. Full Article
American Bonanza Gold Corp. Announces $6 Million Bought Deal Financing
American Bonanza Gold Corp. announced that it has entered into an agreement with National Bank Financial Inc. (Underwriter) under which the Underwriter has agreed to buy from Bonanza, on a bought deal basis, 11,500,000 common shares at an issue price of $0.53 per common share for gross proceeds of $6,095,000 (Offering). The Underwriter has been granted an over-allotment option, exercisable at any time prior to 30 days after the closing date of the Offering, to acquire up to an additional 1,725,000 common shares of the Company at the issue price applicable to the Offering. The Company must file a short form prospectus with the securities regulatory authorities to qualify the common shares for distribution. The net proceeds from the Offering will be used for exploration and development and general corporate purposes. Closing of the Offering is expected to occur on or about September 29, 2011. The construction phase at the 100% owned Copperstone gold mine in Arizona is nearing completion, and Bonanza is accelerating the planned transition to owner-mining, and intends to accelerate planned drilling of expansion targets at Copperstone as well as pursue potential acquisitions that would expand its production base. Full Article
Skyline Gold Corporation Signs Letter Agreement With Golden Band Resources Inc. And American Bonanza Gold Corp
Skyline Gold Corporation announced the signing of a letter agreement with Golden Band Resources Inc. and American Bonanza Gold Corp. for the Company to acquire the Iskut Joint Venture (Iskut JV) mineral claims adjacent to the historic Snip mine. The Company estimates that the planned 2011 spring and summer exploration activity will require an initial funding of approximately $4 million. Full Article
Golden Band Resources Inc. And American Bonanza Gold Corp. To Sell Iskut JV Property To Skyline Gold Corporation
Golden Band Resources Inc. and its joint venture partner, American Bonanza Gold Corp., announced that they have signed a letter agreement to sell their Iskut JV Property to Skyline Gold Corp. (Skyline). Subsequent to the Company's acquisition with American Bonanza, of the British Columbia-located Iskut JV Property, and upon the completion of the Company's review of the property and its options to advance it, the Company's Directors decided that the best course of action is to accept Skyline's offer. The terms of the final acquisition agreement will see Golden Band (52.5%) and American Bonanza (47.5%) receive 5,000,000 common shares of Skyline plus 2,500,000 common share purchase warrants at an exercise price of $0.50 for a period of five years. An existing 2% net smelter return royalty for the original vendors of the property will remain. Full Article
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