On December 31, 2008 American Bonanza Gold Corp. completed the sale of the Taurus Property to Hawthorne Gold Corp. ("Hawthorne") and received 6.75 million common shares of Hawthorne, representing 12.7% of the outstanding shares of Hawthorne. Bonanza now owns 6,828,947 common shares of Hawthorne representing 12.9% of the issued and outstanding shares of Hawthorne. Total consideration received by Bonanza on the sale of the Taurus property included $3,000,000 in cash and 6,828,947 common shares of Hawthorne.
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