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American Bonanza Gold Corp. (TSE:BZA) reports its private placement of $14,000,000.
American Bonanza Gold Corp. (TSX:BZA) reports its private placement of $14,000,000.
The press release is quoted as saying:
Bonanza will also grant to the Agent an option, exercisable at any time up to 48 hours prior to the closing of the Offering, to over-allot the Offering by up to 10,000,000 additional Units of Bonanza at a price of $0.35 per Unit for additional gross proceeds to the Company of up to $3,500,000.
Bonanza plans to use the net proceeds from the Offering to advance the ongoing development of its 100% owned Copperstone gold mine in Arizona and for general corporate purposes.
Click here to access the entire news release.