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by Stockwatch Business Reporter

The TSX Venture Exchange added 3.84 points to 687.48 Thursday. Joe Tai's capital pool shell, CWN Mining Acquisition Corp. (CWN), graduated from the shell sector yesterday by optioning the Top gold-silver project in the Yukon from Tony Simon's private prospect generator, Yes Exploration Syndicate Inc. CWN Mining must pay $160,000 cash and issue $180,000 worth of shares, both in stages over four years, and also spend $300,000 on exploration in the first year.

CWN Mining's founder, Mr. Tai, is keeping his 1.4 million shares and his seat on the board. He must be the envy of Vancouver's junior mining community, considering that without a rollback his company was able to sell a $4-million private placement of eight million shares at 50 cents, five times the price it went public at, as part of this run-of-the-mill mining qualifying transaction. The money comes from China. Ben Li, an engineer and the son of a wealthy Chinese businessman, has joined the board and taken over as chief executive officer. Mr. Li subscribed for six million shares from CWN Mining's private placement at a cost of $3-million. He controls those shares through Deep Sea Minerals Investment Ltd. Sarl, a private company that was registered in Luxembourg in 2012. At the time of registration, according to the Official Journal of Luxembourg, Deep Sea appointed Philip Tai, a resident of Richmond, B.C., as its manager. Philip Tai is also the business development executive for the Global Chinese Financial Forum, an investment conference company controlled by CWN Mining's Joe Tai.

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