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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 1,011.18 Wednesday. Peter Hughes's halted capital pool shell, BHK Resources Inc. (BHK), is heading to Gabon, a French-speaking country in West Africa, to acquire a manganese property as its qualifying transaction. Yesterday, the shell completed its filing statement, which details its plan to buy the Ndjole property from Dome International Globe Inc., the grandly named subsidiary of Silver Bull Resources Inc. (SVB: $0.27), for $1.5-million (U.S.) cash. Once the QT closes, the shell will change its name to BHK Mining Corp.

BHK plans to pay for the property by selling a private placement of up to 20 million shares at 20 cents for $4-million. Canaccord Genuity Corp. has agreed to sell the financing. The brokerage firm also has a $1-million overallotment option in the unlikely even that this African manganese deal attracts more investors than there is stock available.

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