American Bonanza Retires Loan Facility.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Oct. 29, 2003 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West Gold Mining Corp. ("Bonanza") is pleased to announce that it has completely paid out its loan facility with Brascan Financial Corporation with a final payment of US$550,000. Bonanza currently has no debt and approximately $12.5 million in cash. Bonanza's current cash balance will allow Bonanza to accelerate its Copperstone project toward pre-feasibility and significantly increase Bonanza's ability to define additional resource and reserve ounces. Bonanza's primary focus in the near term will be to accelerate exploration drilling, resource definition drilling, and pre-feasibility related activities at the Copperstone gold project. Bonanza currently has underground and surface drilling programs totaling 5,000 metres underway at Copperstone. Over 10,000 metres of additional drilling is planned as the first expansion of the current drilling programs. About Bonanza Bonanza is engaged in the acquisition, exploration and development of high-grade High-grade Credit quality of AAA or AA. high-grade Of, relating to, or being a bond with little risk of default on the part of the issuer. High-grade is usually reserved for bonds rated AAA or AA by the rating services. gold properties. Additional information about American Bonanza can be obtained at www.americanbonanza.com. AMERICAN BONANZA GOLD MINING CORP. Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1]. 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 news release. |
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