TransactionsAUX Canada Acquisition Inc. Makes All-Cash Offer to Acquire Ventana Gold Corp., Deal Values Ventana at $1.5 BillionPublished: 12/16/2010 On December, 16, 2010, AUX Canada Acquistion Inc. made an all-cash offer to acquire all of the outstanding common shares of Ventana Gold Corp. that it and its affiliates does not already own at a price of $12.63 in cash per Ventana common share. The offer values the total equity of Ventana at approximately $1.5 billion on a fully diluted basis. Ventana Gold Corp. is a Vancouver-based Mineral Exploration Company that holds mineral rights to 4,590 hectares of exploration property in the historic California-Vetas mining district of Colombia. The Company has two project areas, La Bodega and Cal-Vetas, and is currently focused on developing the high-grade La Bodega gold project in northeastern Columbia. Cassels Brock is acting for AUX Canada. |