American Bonanza Gold Corp ABGFF

RE: RE: SEDAR Interim Financial Statements

[casey13]

 

Start up is slower than expected they took out a new loan payable in gold.

 

RESULTS OF OPERATIONS

Three months ended June 30, 2012

The Corporation recorded a net loss of $527,653 or
.00 per share for the three months ended June 30, 2012, as 

compared to $559,996 or
.00 per share during the same period in the previous year.  

 

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On June 14, 2012, the Corporation entered into a second priority secured gold prepayment facility with Galloway & 

Goldreign whereby the Corporation has agreed to deliver 3,215 ounces of gold for delivery on June 1, 2015, for 

gross proceeds of US$4,501,000.