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Message: Closes $6 Million Private Placement
| April 30, 2009 |
| Ventana Closes $6 Million Private Placement |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - Ventana Gold Corp. (TSX:VEN) ("Ventana" or "the Company") announces the closing of a non-brokered private placement of 4.3 million units at a price of $1.40 per unit for gross proceeds of $6,020,000. The transaction was fully subscribed by Lumina Capital LP, an entity held principally by Vancouver mining entrepreneur Ross Beaty. Each unit comprised one common share and one non-transferable share purchase warrant entitling the holder to purchase one common share at a price of $2.00 per common share until April 30, 2011. Lumina's interest in Ventana is now 8.5%, or 15.2% on a fully diluted basis. A finder's fee was payable to Peninsula Merchant Syndications Corp., a private merchant bank controlled by Sam Magid. Net proceeds from the transaction will be used to fund general working capital. 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. |
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