American Bonanza Gold Prepayment Facility
Published : February 15, 2012
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Keywords :   Gold | Gold Mine | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2012) - American Bonanza Gold Corp. (News - Market indicators)(OTCQX:ABGFF)(PINKSHEETS:ABGFF) ("Bonanza" or "Company") is pleased to announce that it has completed a secured gold prepayment facility with Resource Income Fund, L.P. ("RIF") whereby Bonanza will sell 3,936 ounces of gold for delivery during 2012, for gross proceeds of US$6,000,000 (the "Facility"). The gold may be delivered to RIF on an earlier schedule with no penalty.

The proceeds from the Facility will be used for funding working capital, and Bonanza will invest in the further optimization of the Copperstone gold mine as it ramps up to full production, with a target throughput of 450 tons per day.

The Facility is a forward contract structured to deliver 3,936 ounces of gold over a 32 week term in the amount of 123 ounces per week starting on May 7, 2012 and ending on December 10, 2012. The 3,936 ounces of gold that have been committed under this gold facility represent approximately 1.5% of the proven mineral reserves at the Copperstone gold mine.

In connection with the Facility, Bonanza will grant to RIF 4,000 ounces of gold call options, expiring on April 15, 2013 with a strike price of US$2,025 per ounce. An upfront fee of 3% was paid to RIF upon closing of the Facility.

About Bonanza

Bonanza is operating the newly constructed Copperstone gold mine in Arizona. For more information please visit Bonanza's website at www.americanbonanza.com.

AMERICAN BONANZA GOLD CORP.

Brian Kirwin, President & Chief Executive Officer

We seek safe harbor.



American Bonanza Gold Corp.
1-877-688-7523
info@americanbonanza.com
www.americanbonanza.com

VanEck Vectors Global Alternative Energy ETF

PRODUCER
CODE : BZA.TO
ISIN : CA0246381085
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American Bonanza is a gold development stage company based in Canada.

American Bonanza produces gold, silver in USA, and holds various exploration projects in Canada.

Its main asset in production is BELMONT in USA and its main exploration properties are GOLD BAR and OATMAN in USA and COPPERSTONE, NORTHWAY and ISKUT in Canada.

American Bonanza is listed in Canada, in Germany and in United States of America. Its market capitalisation is 711 633 as of today (US$ 666 444, € 489 837).

Its stock quote reached its highest recent level on December 29, 2006 at 0.78, and its lowest recent point on July 07, 2014 at 0.02.

American Bonanza has 47 442 200 shares outstanding.

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Financings of VanEck Vectors Global Alternative Energy ETF
7/4/2013Announces Closing of $1,000,000 Private Placement, Execution...
7/4/2013Announces Closing of $1,000,000 Private Placement, Execution...
Nominations of VanEck Vectors Global Alternative Energy ETF
6/27/2013Announces Election of Directors at the Annual General Meetin...
5/15/2011 Douglas Wood named as Vice President, Exploration
3/30/2011Appoints New Director and Announces Key Management Addition
Project news of VanEck Vectors Global Alternative Energy ETF
10/11/2013(Copperstone)Suspends Operations at Copperstone Mine
9/6/2013(Copperstone)Provides Copperstone Gold Mine Progress for July 2013
7/17/2013(Copperstone)Provides Copperstone Gold Mine Progress for June 2013
6/19/2013(Copperstone)Provides Copperstone Gold Mine Progress for May 2013
5/28/2013(Copperstone)Provides Copperstone Gold Mine Progress for April 2013
5/28/2013(Copperstone)Provides Copperstone Gold Mine Progress for April 2013
5/1/2013(Copperstone)Provides Copperstone Gold Mine Progress for March 2013
3/22/2013(Copperstone)Provides Copperstone Gold Mine Progress for February 2013
1/17/2013(Copperstone)Provides Copperstone Gold Mine Progress for December
6/14/2012(Copperstone)Announces Progress at Copperstone Mine and Completion of a G...
3/1/2012(Copperstone)Copperstone Gold Mine Ships First Gold
2/7/2012(Copperstone)Copperstone Gold Mine Update
6/8/2011(Iskut)Sells Iskut JV Property
4/20/2011(Copperstone)Receives Final Major Permit for the Copperstone Gold Mine
4/11/2011(Iskut)Acquires Interest in the Iskut JV Property From Barrick Gold
3/23/2011(Copperstone)Finalizes Development Contract
3/8/2011(Copperstone)Advancing Work on Gold Recovery Plant
2/28/2011(Copperstone)Purchases Cone Crusher for the Copperstone Gold Mine
2/15/2011(Copperstone)Receives Air Quality Control Permit for the Copperstone Gold...
Corporate news of VanEck Vectors Global Alternative Energy ETF
10/21/2013Provides Corporate Update
7/11/2013Announces the Results of the July 10, 2013 Reconvening of th...
6/12/2013Announces Joint Venture With Suparna Gold, Non Brokered Priv...
4/11/2013Restructures Outstanding Indebtedness
9/17/2012s Funding News
2/15/2012Prepayment Facility
10/11/2011Purchases Mining Equipment in Move to Become Owner-Miner
9/29/2011Closes $6 Million Financing
9/14/2011Announces Proceeds of $4.9 Million from Sale of Shares
9/8/2011Announces $6 Million Bought Deal Financing
5/30/2011Commences Trading on the OTCQX
1/21/2011American Bonanza Closes $17.5 Million Financing
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