Well known promoter Gary Shaw says the eagerly anticipated rematch between WBC/WBA super flyweight champion Vic Darchinyan and WBA Interim champion Nonito “The Filipino Flash” Donaire has been set for August.

Shaw told us last week that he and Top Rank promoter Bob Arum who handles Donaire had worked out an agreement for the rematch and it was sent to the Darchinyan camp headed by his manager Elias Nassar and that he was waiting for a go ahead from the Darchinyan camp.

Shaw confirmed that “most everything else between myself and Top Rank is done” while Arum told us he believes the fight will happen on August 7 at the Home Depot Center in Los Angeles.

Arum told us “Donaire is going to fight a tune-up fight on May 15 and then he’s going to fight Darchinyan in Los Angeles at the Home Depot Center on August 7.” However, he still didn’t know who Donaire will fight in the tune-up bout.

When we checked with Shaw Tuesday, Manila Time, he told us “they want the fight” and that he was in discussions with "Showtime" regarding the financial aspects of the pay-per-view and television coverage.

When asked whether everything was alright, Shaw replied “everything is perfect” and that he was finalizing the date.

Donaire earlier laughed off claims by the Armenian-born Australian Darchinyan that he (Donaire) was scared to face him in a rematch.

Darchinyan made the claim after scoring a twelve round unanimous decision over gallant but inexperienced Mexican Rodrigo Guerrero who was fighting outside his country for the very first time. Guerrero who had a record of 13-1-1 going into the fight was coming off a KO win over unheralded Rey Lopez last December 18. Prior to that he won a unanimous eight round decision over Luis Maldonado, the same fighter who was pulverized by Donaire and lost by an 8th round TKO in an IBF/IBO flyweight title bout in December 2007.

The 34 year old Australian who suffered a one-punch knockout that sent him reeling across the ring in a daze in the 5th round in a title fight on July 7, 2007 in which Darchinyan lost both his IBF and IBO flyweight titles in the “Knockout of the Year” claimed in a post fight interview with Steve Farhood of Showtime that he thinks Donaire was scared to give him a rematch.