American Bonanza Signs Definitive Agreement for Property Sale

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.

Click here to access American Bonanza’s company profile.