Ventana Closes $3.36 Million Private Placement

Ventana Gold Corp. has closed a non-brokered private placement for six million units at 56 cents a unit, yielding gross proceeds of $3.36 million. Each unit contains one share and an entire warrant, with exercise price of 90 cents and life of two years. The money is earmarked for exploration spending at Venata'a La Bodega project, as the news release recounts. Also noted is the fees on the deal.

This announcement was put on the web after trading ended yesterday. Ventana ended yesterday at $1.03, up 6 cents on light-moderate volume.

The company's Google Finance web page is here.

----------

NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.