American Bonanza Announces Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 6, 2003 AMERICAN BONANZA Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West GOLD MINING CORP. (the "Corporation"), is pleased to announce it has negotiated, subject to regulatory approval and formal documentation, a brokered private placement with Canaccord Capital Corporation ("Canaccord") totalling 21,428,572 units of the Corporation at a price of $0.28 per unit, for gross proceeds of $6,000,000 with an over allotment A portion, share, or division. The proportionate distribution of shares of stock in a corporation. The partition and distribution of land. ALLOTMENT. Distribution by lot; partition. Merl. Rep. h.t. option of 50%. Each unit is comprised of one common share and one half of a transferable common share purchase warrant with each full warrant entitling the holder to acquire one common share at a price of $0.35 for a period of three years. As previously announced, the Corporation and Canaccord intend to carry out a public offering to raise up to $2,000,000 (Minimum $1,500,000) through the sale of units by way of a Short Form Offering Document ("SFOD SFOD Special Forces Operational Detachment ") to purchasers in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and Alberta and such other jurisdictions as the offering may legally be sold. The Corporation has revised the unit price and the exercise price for the common share purchase warrants forming part of the units offered under the SFOD. Under the revised SFOD, the Corporation, through its Agent, Canaccord Capital Corporation, will offer up to 7,142,858 units at a price of $0.28 per unit. Each unit will be comprised of one common share and one half of a non-transferable warrant. Each whole warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to acquire one additional common share for a period of two years at a price of $0.35. The proceeds of the private placement and offering will be used primarily for the development of the Copperstone Project in Arizona. About American Bonanza American Bonanza is engaged in the acquisition, exploration and development of high-grade gold properties. The Corporation's innovative metallogenic techniques developed at considerable expense represent state-of-the-art tools for modern exploration in the Great Basin Great Basin, semiarid, N section of the Basin and Range province, the intermontane plateau region of W United States and N Mexico. Lying mostly in Nevada and extending into California, Oregon, Idaho, and Utah, it is bordered by the Sierra Nevada on the west, the of the American Southwest. The Corporation's metallogenic techniques have involved technical pioneering in terms of geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. data analysis, hardware and software applications and will be the catalyst for future corporate growth. Additional information about American Bonanza can be obtained at www.americanbonanza.com. AMERICAN BONANZA GOLD MINING CORP. Brian Kirwin, President and Chief Executive Officer The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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