Here's IKN on Friday May 28th:
How many Ventana Gold (VEN.to) shares does Eike Batista Own?
Answer: 19,306,000.
This number went up this week, as Eike's 63X Master Fund vehicle added 1.1m shares to its pile on Wednesday (and filed them as quickly as yesterday).
Ventana Gold Corp. (VEN)
As of May 27th, 2010 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price May 27/10 May 26/10 63X Master Fund Direct Ownership Common Shares 10 - Acquisition in the public market 1,100,000 $10.620
Strangely and weirdly, this puts the 63X Master Fund's total holding at 19.82% of shares outstanding, assuming that the May 13th total of 97,409,131 shares out is still the exact correct one. As many out there will know, special things start happening to Canadian stocks if one single holder goes above 20% so it's not really surprising to see Eike's crew stop just under that magic number.
Now that the land deal is done with Los Gelvez, the question now is "when" Eike makes his move and buys out VEN.to, not "if". My best guess would be after the Presidential elections, but WTFDIK? Anyway, to round off here's the current state of full dilution at the company (the warrants and options are all in the money). I wonder if mgmt will have time to squeeze in a final round of bonus options?
shares out: 97,409,131
warrants: 3,644,000
options: 6,327,000
And now here's the Ventana Gold (VEN.to) news release on Monday May 31st:
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 05/31/10) - Ventana Gold Corp. (TSX:VEN - News) ("Ventana" or "the Company") is pleased to announce that 63X Master Fund ("63X"), its largest shareholder, has acquired ownership and control of an additional 1.1 million common shares of Ventana through the facilities of the Toronto Stock Exchange, bringing its aggregate ownership in Ventana to 19,306,000 common shares. 63X paid cash consideration of $10.62 per share, for aggregate consideration of $11,682,000.
Ventana Chairman Richard Warke said: "We are pleased to see 63X increase its position in our company. This demonstrates their confidence in the value of our assets and the strength of our business plan. As our largest shareholder, they have shown tremendous support to our Board and management team."