GREY:ABGFF - Post by User
Post by
romaraon Jun 26, 2014 5:15pm
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Post# 22698408
Court Approval
Court Approval
AMERICAN BONANZA RECEIVES FINAL COURT ORDER FOR PLAN OF ARRANGEMENT June 26, 2014 - American Bonanza Gold Corp. (TSX: BZA, OTC: ABGFF) (“American Bonanza” or the “Company”) is pleased to announce that on June 25th the Company obtained The final order from the Supreme Court of British Columbia approving the proposed business Combination of American Bonanza and Kerr Mines Inc. (“Kerr Mines”) by plan of arrangement (the “Transaction”). There were no dissenting shareholders. The Transaction is expected to be completed on or about June 27, 2014 upon satisfaction or Waiver of all of the conditions set out in the arrangement agreement (the “Arrangement Agreement”) entered into by American Bonanza, Kerr Mines, and a wholly-owned subsidiary of Kerr Mines (“Kerr Mines Subco”) on April 10, 2014. Upon completion of the Transaction, Kerr Mines, through Kerr Mines Subco, will acquire all the outstanding shares of American Bonanza Through the issuance of 0.53 of a Kerr Mines common share in exchange for each American Bonanza common share. Following completion of the Transaction, American Bonanza will be De-listed from the Toronto Stock Exchange. Full details of the terms of the Transaction are set out in American Bonanza’s management Information circular dated May 16, 2014, which is available on SEDAR at www.sedar.com. Additional information about American Bonanza is available on its website at www.americanbonanza.com. Neither the TSX nor its Regulation Services Provider accepts responsibility for the adequacy or Accuracy of this release and has in no way passed upon the merits of the Arrangement and has Neither approved nor disapproved of the contents of this press release.