This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange rose 4.13 points to 658.38 Thursday. Brian Bayley and Murray Sinclair's halted capital pool shell, Kaizen Capital Corp. (KZN), has closed its acquisition of the Mackie gold-silver exploration property in northwestern British Columbia. The acquisition serves as the shell's qualifying transaction. Kaizen issued 30 million shares to the property vendor, Walter Storm's Tudor Holdings Ltd., and now there are 44,905,000 Kaizen shares issued. The shell's preacquisition shareholders own 6.74 per cent of the company. Kaizen is awaiting final exchange approval to begin trading as a TSX-V mining issuer (with the same name and symbol).

Kaizen Capital has also completed a $1.18-million private placement of subscription receipts at 10 cents. Placees included Mr. Storm's wife, Zoe Storm, who bought two million subscription receipts. After accounting for the private placement proceeds and the acquisition costs, Kaizen should have working capital of about $1.02-million.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS