American Bonanza Closes $17.5 Million Financing

- January 21st, 2011

American Bonanza Gold Corp. (TSE:BZA) reports that it has closed its $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. 

Click here to access the entire news release.

Click here to access American Bonanza’s company profile.

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