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by Stockwatch Business Reporter

The TSX Venture Exchange added 1.93 points to 699.48 Thursday. Marc Cernovitch's seven-year-old capital pool shell, Valor Ventures Inc. (VLR: $0.27), recently rolled back 1:5, leaving it with 1,291,996 postconsolidated shares, and then brought in a new lot of shareholders -- 63 of them in total -- by selling 22 million shares at five cents. David Sidoo's East West Petroleum Corp. (EW: $0.15), an oil and gas explorer with properties in New Zealand and Romania, disclosed earlier this month that it was the largest subscriber, acquiring 3.9 million shares. Since then, Valor has appointed Mr. Sidoo to its board. That leaves 62 shareholders accounting for 18.1 million shares.

Of the 62 remaining shareholders, Mr. Sidoo acquired 1.05 million shares for himself through his Siden Investments Ltd., while his wife, Manjy, and their two sons, Jordan and Dylan, each acquired 500,000 shares. This brings the Sidoo family's holdings to 2.55 million shares, not including the position held by East West. Another two noteworthy subscribers to the financing were former broker turned stock promoter Dev Randhawa and his wife Celia, each of whom acquired one million shares. Mr. Randhawa, who lives in the sunny Okanagan, is currently the chief executive officer of Fission Uranium Corp. (FCU: $1.20), which is developing its Patterson Lake South uranium project in Saskatchewan, and he also manages two capital pool shells, Ballyliffin Capital Corp. (BLL: halted) and Wolfpack Capital Corp. (WLP: $0.05). Another well-known name in Vancouver, Francesco Aquilini, subscribed to the Valor financing, acquiring 500,000 shares. As well, David Degrin, the president of Aquilini Development and Construction Inc., bought 500,000 shares. Valor says it will use the money from its recent financing to search for oil and gas projects in North America.

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