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 62X 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