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Overview
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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