TSXV:AAA.P - Post by User
Comment by
likesmoneyon Jul 24, 2014 3:41pm
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Post# 22779530
RE:RE:MyLOSER MyLIAR
RE:RE:MyLOSER MyLIARBZA - was MyLOSER's main stock play 4 years ago. While bashing AAA LMAO - now that is dilution. 886M shares for debt. And now not trading American Bonanza Gold Corp. and Kerr Mines Inc. have entered into debt conversion agreements with various creditors, pursuant to which the parties have agreed to settle an aggregate of approximately $22.1-million of outstanding indebtedness owed by American Bonanza. American Bonanza will issue an aggregate of up to 886,790,228 common shares to settle the indebtedness at a price of 2.5 cents per share. American Bonanza intends to complete a portion of the debt settlement as soon as possible, subject to, among other things, regulatory approval. The issuance of the American Bonanza shares in settlement of the remaining debt is subject to, among other things, shareholder approval, and, accordingly, American Bonanza will seek such approval at its annual and special meeting of shareholders to be held on June 20, 2014.