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Monday, February 14, 2011

Ventana accepts sweetened AUX bid, (TSE: VEN)

Ventana Gold Corp (VEN.TO) said on Monday it agreed to accept a sweetened bid of C$13.06 per share from AUX Canada Acquisition, which is controlled by Brazil's Eike Batista. Ventana had earlier spurned a C$12.63 a share bid from AUX. The company had said it was in talks with other interested parties. Batista, Ventana's largest shareholder with a 20 percent stake in the company, last week said he had no intention of raising his offer for Ventana, which was due to expire Feb. 15. (Reporting by Euan Rocha, editing by Gerald E. McCormick)

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