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by Stockwatch Business Reporter

After yesterday's 10-point decline, the TSX Venture Exchange bounced back 9.10 points to 837.58 today, Thursday. Jay Richardson's suspended capital pool shell, Walmer Capital Corp. (WAL), plans to acquire the Johan Beetz feldspar property in Southern Quebec for its qualifying transaction. The seller is geologist Jack Stoch's Globex Mining Enterprises Inc. (GMX: $0.38). The shell, which has four million shares issued, will issue three million shares and pay $50,000 to Globex. To earn a 100-per-cent interest in the property, Walmer must spend $1-million on exploration within two years. On March 31, 2016, Walmer had working capital of $22,057. Now, it is selling a $750,000 to $1-million private placement of subscription receipts and flow-through shares, each at five cents. Walmer expects to complete a National Instrument 43-101 report on Johan Beetz within two weeks. The report will include information on a recommended work program.

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