Ventana Gold Corporation

Published : November 02nd, 2009

Closes $40 Million Financing

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Keywords :   Colombia | Gold |

VENTANA CLOSES $40 MILLION FINANCING

Vancouver, B.C., October 30, 2009 – Ventana Gold Corp. (TSX: VEN) (“Ventana” or “the Company”) announces the closing of the $40 million bought deal financing announced on October 15, 2009. The financing was underwritten by a syndicate of underwriters and Peninsula Merchant Syndications Corp., a private merchant bank, acted as advisor to Ventana.

The financing comprised four million common shares at a price of $10.00 per share, for gross proceeds of $40 million.

In accordance with Canadian securities laws, the common shares issued with respect to this financing are subject to a four-month hold period expiring March 1, 2010.

Net proceeds from the financing will be used by Ventana to fund further exploration and development of the Company’s properties and general corporate purposes. The Company is increasing the pace of exploration at the La Mascota zone with the addition of a 10th drill rig, and is rapidly advancing technical design work to begin project development.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.

About Ventana
Ventana is a Vancouver-based mineral exploration and development company with rights to 4,573 hectares of exploration property in northeastern Colombia. Ventana is currently drilling at La Bodega and expanding two newly discovered mineralized zones, La Bodega and La Mascota. The Company’s shares trade on the Toronto Stock Exchange under the symbol VEN.

Forward-looking Statements
The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in Ventana’s latest quarterly report and management discussion and analysis. Ventana assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

For additional information please visit http://www.ventanagold.com/or contact:
Meghan Brown, Investor Relations Manager
Phone: 604 638 2002
email: mbrown@ventanagold.com

 

 

Data and Statistics for these countries : Colombia | All
Gold and Silver Prices for these countries : Colombia | All

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Ventana Gold Corp. is a gold exploration company based in Canada.

Its main exploration properties are CALIFORNIA-VETAS and LA BODEGA in Colombia.

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Annual reports of
2009 Annual Report
2007 Annual report
Financings of
5/17/2010Announces $20.7 Million Private Placement and Right of First...
2/12/2009Announces $3.36 Million Private Placement and Vice President...
Nominations of
2/4/2010Appoints Blair Way As Vice President Project Development
12/10/2009Appoints Paul Ireland as CFO
9/26/2009Appoints Stephen Orr to Board of Directors
7/22/2009Appoints Stephen Orr as President and CEO
11/21/2008 Appoints Randy Smallwood to Board of Directors
Project news of
7/29/2010(La Bodega)Additional La Bodega Drill Results - Hole 261 – 6.0 metres o...
4/26/2010(La Bodega)Clarifies No Impact of Colombian Mining Legislation on La Bo...
10/15/2009(La Bodega)Drill Results - 34.0 metres of 7.4 grams per tonne gold - an...
10/5/2009(La Bodega) Additional La Mascota Drill Results - 84 metres of 13.66 gr...
7/16/2009(La Bodega)Additional La Mascota Drill Results - 52.2 Metres of 6.1 Gra...
3/26/2009(La Bodega)Announces More La Bodega Drill Results - 57.4 metres at 8.66...
2/5/2009(La Bodega)Announces New La Bodega Drill Results
12/22/2008(La Bodega)Announces Additional La Bodega Drill Results
6/14/2008(La Bodega)2008 Technical report
Corporate news of
3/17/2011AUX Completes Acquisition of Ventana Gold
3/3/2011AUX to Take Up and Pay for 73.3% of Ventana Gold’s Shares
2/14/2011and AUX Reach Agreement on Increased Offer of $13.06 in Cash...
1/26/2011Extends Shareholder Rights Plan
7/15/2010Provides update on Transfer of Mineral Title for La Bodega a...
7/7/2010Comments on Share Price
6/23/2010Drills 1.9 Metres of 541.8 Grams Per Tonne Gold and 1,089 Gr...
6/8/2010Announces Closing of $20.7 Million Private Placement With Si...
5/31/2010Announces Increase in Ownership by 63X
5/21/2010Provides Quarterly Financial and Operating Outlook
5/6/2010Announces Additional La Mascota Drill Results - El Cuatro Ex...
4/17/2010Clarifies Website Disclosure
11/26/2009Provides Corporate Development update and Announces Dispute ...
11/12/2009Included in Van Eck Junior Gold Miners ETF
11/2/2009Closes $40 Million Financing
7/20/2009Corrects 63X Master Fund Announcement
7/8/2009Updates Capital Structure and Announces Discovery of New Zon...
6/15/2009Receipt of Mineralogical Characterization and Predictive Met...
6/4/2009Robert Pirooz Joins Ventana Board
2/24/2009 Commences new drill program at La Bodega
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