By Devika Patel
Knoxville, Tenn., May 17 - Ventana Gold Corp. said it plans a C$20.7 million private placement of units with Silver Wheaton Corp.
The company will sell 1.8 million units of one common share and a half-share warrant at C$11.50 apiece. Each whole warrant is exercisable at C$15.00 for one year.
Vancouver, B.C.-based Ventana is a mineral exploration company.
| Issuer: | Ventana Gold Corp.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | C$20.7 million
|
| Units: | 1.8 million
|
| Price: | C$11.50
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$15.00
|
| Investor: | Silver Wheaton Corp.
|
| Pricing date: | May 17
|
| Stock symbol: | Toronto: VEN
|
| Stock price: | C$10.94 at close May 14
|
| Market capitalization: | C$1.06 billion
|
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