All Dale needs to say is someone is looking to acquire them. Even if they don't get acquired, what could it hurt? How can anyone prove otherwise? If someone came to my house because they were interested in buying and a another interested buyer found out...wasn't G just there?

Nov. 26 (Bloomberg) -- Ventana Gold Corp., a Canadian metals explorer whose shares have risen more than 30-fold this year, said it is in talks that may lead to the sale of the company.

Talks toward a possible sale are “advanced,” the Vancouver-based company active in Colombia said today in a statement, without elaborating.

Ventana Chief Executive Officer Steve Orr didn’t immediately return a call seeking comment.

The company also said the owner of the mineral rights at the Bodega exploration area in Colombia has filed an application for arbitration related to an option agreement that would allow Ventana to acquire the deposit.

“We believe this is an attempt to obtain more money for the mineral rights now that we have substantially increased the value of the property through our exploration success,” Orr said in the statement. “There have been no changes to the mining laws.”

Ventana fell 58 cents, or 4.9 percent, to C$11.23 at 3:43 p.m., valuing the company at C$1 billion ($940 million), before trading was halted on the Toronto Stock Exchange pending the statement.