By Devika Patel
Knoxville, Tenn., Oct. 15 - Ventana Gold Corp. said it plans a C$40 million private placement of shares.
The company will sell 4 million common shares at C$10.00 per share.
The deal will be conducted by a syndicate of underwriters led by TD Securities Inc. Settlement is expected Oct. 30.
Proceeds will be used for exploration and development of the company's properties and general corporate purposes.
Vancouver, B.C.-based Ventana is a mineral exploration company.
| Issuer: | Ventana Gold Corp.
|
| Issue: | Common shares
|
| Amount: | C$40 million
|
| Shares: | 4 million
|
| Price: | C$10.00
|
| Warrants: | No
|
| Agent: | TD Securities Inc. (lead)
|
| Pricing date: | Oct. 15
|
| Settlement date: | Oct. 30
|
| Stock symbol: | Toronto: VEN
|
| Stock price: | C$10.35 at close Oct. 15
|
| Market capitalization: | C$914 million
|
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