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EBX Announces That 63X Master Fund Acquires 10.2% of Ventana Gold Corp.
| Source: EBX Group
RIO DE JANEIRO, BRAZIL--(Marketwire - July 22, 2009) - 63X Master Fund ("63X"), of Unlgand
House, Grand Cayman, KY1-1104, Cayman Islands, wishes to advise that its
news release announcements issued on July 20, 2009, in connection with
acquiring ownership and control of 8,210,900 common shares of Ventana Gold
Corp. ("Ventana") through the facilities of the Toronto Stock Exchange,
stated an incorrect percentage for 63X's ownership of Ventana's common
shares. The prior press releases had stated that the common shares
purchased by 63X represented, in aggregate, approximately 10.2% of the
issued and outstanding common shares of Ventana. 63X based its calculation
on a total of 80,382,000 issued and outstanding common shares of Ventana as
reported by the Toronto Stock Exchange and Bloomberg. In a press release
issued by Ventana on July 20, 2009, Ventana confirmed that its issued and
outstanding common shares capital currently totals 86,600,131 common shares
(not 80,382,000). As a result, 63X owned, on July 20, 2009, only
approximately 9.5% of the issued and outstanding common shares of Ventana.
Today 63X announces that it has now acquired ownership and control of
8,810,500 common shares of Ventana in a purchase made through the
facilities of the Toronto Stock Exchange. The common shares purchased by
63X represent in aggregate approximately 10.2% of the 86,600,131 issued and
outstanding common shares of Ventana.
As a result of this acquisition of common shares, 63X now exercises
ownership and control over a total of 8,810,500 common shares of Ventana,
representing approximately 10.2% of the issued and outstanding common
shares of Ventana as noted above. 63X paid cash consideration of C$4.0921
per share of Ventana, for aggregate consideration of approximately
C$36,053,447.
The share acquisition by 63X was made for investment purposes only. 63X
may, in the future, acquire ownership and control over additional
securities of Ventana for investment purposes.
63X is not currently a party to any agreement in respect of the
acquisition, holding, disposition or voting of any securities of Ventana.
63X does not own or control any securities of Ventana with, nor is 63X a
joint actor with, another entity.