Ventana, AUX ink agreement on takeover

TSX-listed Ventana Gold entered into a support agreement on Tuesday with suitor AUX Canada, a subsidiary of Brazilian billionaire Eike Batista's EBX Group. Ventana, which owns a gold project in Colombia, said a day earlier its board had agreed to...

Ventana says still in talks on alternative to Batista offer

Vancouver-based gold junior Ventana is in “continuing discussions” with third parties in an effort to dig up a more attractive alternative transaction to the C$12,63 a share offer announced in November by a group controlled by Brazilian...

Ventana extends shareholder rights plan

Ventana Gold, which has rejected a hostile takeover offer from a firm controlled by Brazil's EBX Group, said late on Tuesday it has extended the expiry of its shareholder rights plan match the deadline on the offer. EBX's AUX Canada said on...

Ventana hires advisers after unsolicited offer

TSX-listed Ventana Gold has engaged Goldman, Sachs & Co. and TD Securities as financial advisors, to help with responding to an unsolicited offer announced last week by Brazil's EBX Group. EBX, which is controlled by Brazilian billionaire Eike...

Batista's EBX announces offer for Ventana Gold

Brazil's EBX Group will offer to buy the shares that it does not already own in Canadian junior Ventana Gold in a deal that values the smaller company at about C$1,5-billion, EBX said on Wednesday. Shares in TSX-listed Ventana jumped 36% on the...

Silver Wheaton buys right of first refusal on Ventana silver

Vancouver-based Silver Wheaton has clinched a right of first refusal on any silver streams sold in the future from junior Ventana Gold's precious-metals projects in Colombia, the companies said on Monday. Silver Wheaton will buy 1,8-million...

Ventana settles ownership dispute

Vancouver-based gold hopeful Ventana Gold has ended a dispute over rights to its flagship La Bodega project, and also agreed to buy a neighbouring property in Colombia, the firm said on Friday. Ventana's shares fell in November last year, after...

Colombian mining investment may top $3bn this year – Minister

Investment in Colombia's mining sector is forecast at around $3-billion this year, and could be higher, Minister of Mining Hernan Martinez Torres said on Tuesday. Speaking to reporters on the sidelines of the Prospectors and Developers, he did...

Ventana falls on legal dispute

Shares in junior Ventana Gold fell sharply on Friday morning, after the company revealed late on Thursday that the owner of the mineral rights to its La Bodega property is challenging the terms of the agreement with Ventana. The stock, which...

Ventana in talks on potential takeover

TSX-listed Ventana Gold is in “advanced discussions” which could result in the acquisition of the company by a third party, it announced on Thursday. The junior also said that the owner of the mineral rights to the La Bodega property is...

Ventana will raise C$6m in placement

Ventana Gold, which is exploring for the yellow metal in Colombia, will raise C$6,02-million in a nonbrokered private placement to Lumina Capital, a company controlled by Vancouver mining entrepreneur Ross Beaty. Ventana will sell 4,3-million...