New York, May 15 - American Bonanza Gold Corp. increased to $8.14 million from C$6.05 million its private placement of flow-through shares and units.
The deal now includes up to 7.4 million flow-through shares at C$0.55 each and up to 7.4 million units at C$0.55 each.
Previously it was made up of 5.5 million flow-through shares and 5.5 million units.
The units are comprised of one share and one half-share warrant. Each whole warrant is exercisable at C$0.65 for 18 months.
Dundee Securities Corp. and Haywood Securities Inc. are the placement agents.
Proceeds will be used for a drilling program on the Copperstone project in Arizona, as well as drilling at the Fenelon project.
Vancouver, B.C.-based American Bonanza is a gold exploration company.
| Issuer: | American Bonanza Gold Corp.
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| Issue: | Flow-through shares and units of one share and one half-share warrant
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| Amount: | C$6.05 million (maximum)
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| Placement agents: | Dundee Securities Corp. and Haywood Securities Inc.
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| Pricing date: | May 11 (upsized May 15)
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| Stock symbol: | Toronto: BZA
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| Stock price: | C$0.51 at close May 11
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| Flow-through shares
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| Shares: | 7.4 million (maximum)
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| Price: | C$0.55
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| Warrants: | No
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| Units
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| Units: | 7.4 million (maximum)
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| Price: | C$0.55
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | 18 months
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| Warrant strike price: | C$0.65
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