By Devika Patel
Knoxville, Tenn., March 30 - Ventana Gold Corp. said it will conduct a C$6.02 million non-brokered private placement of units.
The company will sell 4.3 million units of one common share and one non-transferable warrant at C$1.40 apiece to Lumina Capital LP. Each warrant will be exercisable at C$2.00 for two years.
Vancouver, B.C.-based Ventana is a mineral exploration company.
Issuer: | Ventana Gold Corp.
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Issue: | Units of one common share and one non-transferable warrant
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Amount: | C$6.02 million
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Units: | 4.3 million
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Price: | C$1.40
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Warrants: | One warrant per unit
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Warrant expiration: | Two years
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Warrant strike price: | C$2.00
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Agent: | Non-brokered
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Investor: | Lumina Capital LP
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Pricing date: | March 30
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Stock symbol: | Toronto: VEN
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Stock price: | C$1.50 at close March 27
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