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January 16, 2011



I also believe that Rob McEwan used to be with RBY is no longer there. What does that imply for RBY?


Orvana Minerals is way better.


I knew the Ventana had the offer, but immediately sold out and didn't follow what came next. Thanks for the update.

MontyHigh, www.worldofwallstreet.us


Monty -- Do you know something more about Ventana (Ven.to) than the rest of us? I was under the impression that this deal wasn't accepted -- news release below. I share your Rubicon... seems to be well-funded for further exploration as well. Detour Gold (DGC) is another one that seems to be a quality player but not one I own.


Ventana Board of Directors Recommends Shareholders Reject AUX's Unsolicited Offer
Dec. 23, 2010 (Canada NewsWire Group) --
VANCOUVER, Dec. 23 /CNW/ - Ventana Gold Corp. (TSX: VEN) ("Ventana" or the "Company") today announced that its Board of Directors (the "Board"), after careful consideration with the assistance of its financial and legal advisors, unanimously determined to recommend that shareholders reject the unsolicited offer by AUX Canada Acquisition Inc. ("AUX") to acquire all of the outstanding common shares of Ventana that it does not already own for $12.63 in cash per share and not tender their shares.

The basis for the Ventana Board's recommendation with respect to the AUX offer is set out in Ventana's Directors' Circular, which will be available free of charge on SEDAR and on Ventana's website at www.ventanagold.com. The Directors' Circular is also being mailed to shareholders.

"The Ventana Board is unanimous in its belief that the AUX Offer undervalues Ventana and its world class La Bodega project and fails to reflect the significant resource expansion potential at La Bodega", said Ventana's Chairman, Richard Warke. "The Board thoroughly reviewed the formal offer documents in connection with AUX's unsolicited offer and concluded that the offer is inadequate and is not in the best interests of Ventana or its shareholders. We encourage shareholders to reject AUX's offer and not tender their common shares."

The reasons for the Ventana Board's recommendation that shareholders reject the AUX offer are detailed in the Directors' Circular. Ventana shareholders are encouraged not to tender their common shares to the AUX offer and to carefully review the Directors' Circular in its entirety.

Goldman, Sachs & Co. and TD Securities Inc. are acting as financial advisors to Ventana and Davies Ward Phillips & Vineberg LLP is acting as legal advisor. The Board of Directors is pursuing and evaluating alternative strategic transactions in order to identify other options that may be in the best interests of Ventana and its Shareholders.

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