GREY:ABGFF - Post by User
Comment by
casey13on Jun 22, 2012 3:30pm
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Post# 20045473
RE: Warrants
RE: Warrants No repricing of these yet.
https://www.americanbonanza.com/s/NewsReleases.asp?ReportID=438942&_Type=News-Releases&_Title=American-Bonanza-Closes-17.5-Million-Financing
January 21, 2011 -- American Bonanza Gold Corp. (TSX: BZA) ("Bonanza" or the "Company") announces that it has closed the previously announced marketed public offering of units including those issued pursuant to the over-allotment option, which was exercised in full by Wellington West Capital Markets Inc. (the "Agent") (the "Offering"). A total of 50 million units were sold, at a price of
.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
.45 per common share at any time until July 21, 2012. The warrants will not be listed for trading. The Company paid the Agent a cash commission equal to 6% of the gross proceeds of the Offering, and issued to the Agent warrants to purchase 2,963,700 common shares at a price of
.38 per common share, exercisable until July 21, 2012.