American Bonanza Closes $17.5 Million Financing

American Bonanza Gold Corp. (TSX:BZA) reports that it has closed its $17.5 million financing.

The press release is quoted as saying:

A total of 50 million units were sold, at a price of $0.35 per unit, for gross proceeds of $17.5 million. Each unit consists of one common share and one half of one warrant, with each whole warrant entitling the holder to purchase a further common share at a price of $0.45 per common share at any time until July 21, 2012. The warrants will not be listed for trading. 

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