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American Bonanza Signs Definitive Agreement for Property Sale
Nov. 05, 2010 06:41AM PST
Gold InvestingAmerican Bonanza Gold Corp. (TSE:BZA) reports a definitive agreement is signed with Balmoral Resources Ltd. (CVE:BAR.H) for the sale of Bonanza’s eastern Canadian exploration properties.
American Bonanza Gold Corp. (TSX:BZA) reports a definitive agreement is signed with Balmoral Resources Ltd. (TSXV:BAR.H) for the sale of Bonanza’s eastern Canadian exploration properties.
The press release is quoted as saying:
The Balmoral shares have a current market value of approximately Cdn $3.375 million based on the most recently reported trading price on the TSX Venture Exchange, which values the transaction at over Cdn $7 million. The Balmoral shares to be issued to Bonanza will be subject to a four month hold period and a pooling agreement.
Click here to access the entire press release.
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