ENP Newswire -
Release date- 25062014 -
The Transaction was approved by American Bonanza's shareholders at the Company's Annual General and Special Meeting (the 'Meeting') held on
Pursuant to the Debt Settlement, American Bonanza is expected to issue an aggregate of 886,790,228 common shares (each, a 'BZA Share') to settle the indebtedness at a price of
The Transaction is expected to be completed on or about
Upon completion of the Transaction,
Full details of the terms of the Transaction are set out in American Bonanza's management information circular dated
Completion of the Transaction is subject to a number of conditions including but not limited to TSX acceptance, the satisfaction or waiver of all the conditions contained in the Arrangement Agreement, and the final order from the
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon.
President & CEO
Cautionary Statements Regarding Forward Looking Information
This press release contains 'forward-looking information' within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information.
Generally, such forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, completion of the Transaction, continued exploration activities, no material adverse change in metal prices, exploration and development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein.
Although American Bonanza has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information.
Such forward-looking information has been provided for the purpose of assisting investors in understanding
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