Bonanza Goldfields Corp. is a Las Vegas based mining and mineral exploration company.
Our common stock is publicly traded on OTC Markets (Ticker: "BONZ").
We have numerous past producing mines in Nevada and Arizona... WHICH BARELY PRODUCED ANY GOLD THROUGHOUT THEIR HISTORIES!
NOTE: Some are saying the Tarantula project by the former management of BONZ was a "scam." The CEO stated their mining operations were ceased https://www.facebook.com/pg/Bonanza-Goldfields-Corporation-125539430862535/photos/
due to falling gold prices, as did many junior miners. If BONZ was a scam, why didn't the Common Shares increase dramatically from 2012 to 2017 when
the old owners could have dumped tons of stock? The Common Shares increased from 340M to 409M and remain the same to this day.
Please see filings from 2012 and 2017 below.
If BONZ was a "scam" it was a very costly one (see video) since they didn't make any real money from gold, or dumping stock. Also remember, the Tarantula site
is just one of 80 locations now owned by new managment. Do any of them have gold? That's what we are waiting to find out. BONZ, like most pennies, is a gamble!
Last 10Q filed by previous owners in 2013 said Tarantual site valued at $7.5 billion dollars...(A LAUGHABLE LIE. The site produced only a few particles of gold)
"A National Instrument 43-101 Technical Report was prepared August 30, 2011 on mineral rights now owned or leased by Gunner Gold. This is a report that is the
standard used in the industry to estimate the amount of minerals located on the subject property. The report places an estimate of its inferred mineral resources at
5.88 million ounces of gold and with current gold spot prices of roughly $1,275 per ounce it could have a perceived gross value of approximately $7.5 billion
." https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9611227 From Attorney's Letter posted 3/16/17 concerning the SEC filings from previous owners:
"We have relied on the Annual Reports and Company Information and Disclosure Statements dated December 31, 2016, December 31, 2015 and December 31, 2014
and the Quarterly Report and Disclosure Statement dated December 31, 2013... This information constitutes (i) "adequate current public information" concerning the
securities and the issuer and "is available" within the meaning of Rule 144(c)(2) under the Securities Act... However, our opinion does not alleviate the professional
responsibilities of brokers, dealers and investors to conduct their own due diligence...
We have also assumed all oral representations in connection with this matter
to be accurate. Nothing came to our attention during the course of our investigation that led us to conclude that any of such documents were not genuine
or authentic or that the facts set forth therein were not true." http://www.otcmarkets.com/financialReportViewer?symbol=BONZ&id=167893 Supplement information posted 3/20/17 by CEO - new shares are RESTRICTED for ONE YEAR until FEB. 2018. THEY SINCE DUMPED THEM, CAUSING A MASSIVE DROP IN THE SHARE PRICE
"In exchange for these three subsidiaries, Hondo Minerals Corporation will receive 40,000,000 restricted shares
of Bonanza Goldfield common stock. These shares will
be held bv Hondo for at least one year
and then, following receipt of all necessary regulatory approvals
, Hondo intends to distribute the shares to its shareholders as
a special distribution
. The Bauman family will receive 500,000 restricted shares
of Series B Preferred Stock. These sharesare are non-dilutive, as they cannot be converted
into common stock for a year
, and then are convertible at 100% of market value at that time." https://www.otcmarkets.com/financialReportViewer?symbol=BONZ&id=168006 Company history:
Bonanza Goldfields Corp. was incorporated in 2008 as a Nevada corporation and focused on the exploration and development
of its Tarantula Gold property near Congress, Arizona. Many of the Tarantula assets were sold to Gunner Gold (now named
Gold Star Resources LLC) in 2013, in return for securities of Gold Star Resources. Present management of Bonanza Goldfields Corp.
plans to evaluate these legacy assets during the near future.
Bonanza Goldfields Corp. is being reorganized in 2017, acquiring three subsidiaries by share exchange with Hondo Minerals Corp
and the Bauman family
: (1) Nevada Goldfield LLC – from Hondo Minerals, (2) Golden Gem Mines LLC - from Hondo Minerals and
the Bauman family and (3) Hercules Mines LLC - from the Bauman family. https://www.otcmarkets.com/financialReportViewer?symbol=BONZ&id=168006 Company website: http://bonanzagoldfield.com/history.html Company profile: https://www.otcmarkets.com/stock/BONZ/profile Company filings: https://www.otcmarkets.com/stock/BONZ/filings Stock chart: BONZ chart Company Management: "CEO Barb Bauman" Frederick Bauman, General council McIntyre & Bauman Group
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