09:43 AM EST - American Bonanza Gold Corp. : announced that it has completed the sale of its eastern Canadian exploration properties to Balmoral Resources Ltd. (TSXV: BAR.H) . Bonanza is in receipt of all proceeds for this transaction, which were stated in a November 4, 2010 press release as Balmoral making a one-time cash payment to Bonanza of $3.7 million dollars and issue 4.5 million common shares of Balmoral to Bonanza. Bonanza will use the proceeds from this transaction to continue development of the 100% owned Copperstone gold mine in Arizona. American Bonanza Gold Corp.
shares T.BZA are trading up $0.005 at $0.38.
