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Bullboard - Stock Discussion Forum American Bonanza Gold Corp ABGFF

Metals & Mining Gold

GREY:ABGFF - Post Discussion

American Bonanza Gold Corp > National bank
View:
Post by Z06 on Apr 09, 2013 4:06pm

National bank

https://www.americanbonanza.com/s/NewsReleases.asp?ReportID=487351&_Title=National-Bank-Financial-Exercises-Over-Allotment-Option-for-American-Bonanz...

Doesn't this mean that they bought over 13,000,000 shares @ .53. Why would they unload now???

Comment by Smiles48 on Apr 09, 2013 6:05pm
Could anyone here friendly with Jim ask him the question that Z06 poses regarding the 13M @ 0.53.  I'm interested in knowing how that kind of financing works.  Although it says 0.53, I wonder if in actual fact the cost to him is much, much lower?? Thanks in advance.
Comment by hassy on Apr 09, 2013 11:01pm
Nothing magical about it - participant pays .53 per unit ( one share plus warrant at higher price)  why national would sell a deep loss? Who knows. Need cash for something I guess.          
American Bonanza Gold Corp
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