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Friday, February 11, 2011

Batista reaffirms C$12.63 a share offer for Ventana, (TSE: VEN)

AUX Canada Acquisition Inc., an Eike Batista company, on Friday reaffirmed its all-cash offer to buy the shares of Ventana Gold Corp (VEN.TO) it does not already own for C$12.63 a share. "No alternative transactions have materialized," the company said in a statement. "To date, the AUX Offer remains the only bona fide offer open to shareholders of Ventana." The offer from Brazilian billionaire Batista values the Canadian-based gold miner at C$1.5 billion ($1.5 billion). (Reporting by Pav Jordan)

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