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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: kirby49 who wrote (6960)	3/7/2002 7:15:15 PM
From: Al Collard	Respond to of 11802

BZA-v...in the news: American Bonanza to sell royalty to Royal Gold Thu 7 Mar 2002 News Release Mr. Brian Kirwin of American Bonanza reports AMERICAN BONANZA SIGNS LETTER AGREEMENT FOR US$1.7M ROYALTY F ... American Bonanza Gold Mining has entered into a letter agreement with Royal Gold Inc. for the sale of a royalty on the 100-per-cent-owned Copperstone project for $1.7-million (U.S.). The royalty consists of a 3-per-cent net smelter royalty on the Copperstone project covering approximately nine square miles and a 45-per-cent net profits royalty interest on proceeds from a bulk sample program proposed for this year. Royal Gold has also agreed to the preferential payback of the $1.1-million (U.S.) loan from Trilon Financial Corporation. This transaction is scheduled to close on or before March 29, 2002, and is subject to regulatory approval, Royal Gold's satisfaction with the results of its legal, technical and commercial diligence, formal documentation, and its board approval.