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 fell 2.57 points to 576.01 Thursday. David Tonken's four-year-old capital pool shell, Snow Eagle Resources Ltd. (SEG), has surfaced with a plan to acquire S.I. Energy (Hong Kong) Ltd., a hopeful solar power company -- the S.I. stands for sun innovation -- as its qualifying transaction.

Snow Eagle will roll back its shares 1:2, leaving it with 3.35 million postconsolidated shares, and then issue 19,049,408 postconsolidated shares to the securityholders of S.I. Energy. The company plans to build or acquire solar power plants, preferably in Japan, with a size of between one and five megawatts. S.I. Energy (Hong Kong) is a subsidiary of S.I. Energy Holdings Ltd., a Hong Kong financial adviser and asset management company that also invests in real estate in Macau.

S.I. Energy Holdings' board and largest shareholders are Michele Matsuda, Hironori Kobayashi, Mahesh Harilela and Seb d'Almada Remedios. Mr. Matsuda is a businessman with companies in Hong Kong and Japan, and he is also a former director of Nomura Securities International, a Japanese broker. As well, he is a former organizer of the Miss Macau pageant. Mr. Kobayashi, a Japanese businessman and consultant, is in charge of finding the solar projects in Japan and raising money for acquiring or developing those projects. Mr. Harilela, an American living in Hong Kong, used to work for a supply chain company in Japan. Mr. Remedios will also help find financiers for S.I. Energy's solar projects. He is also a fighter who participates in mixed martial arts competitions in Hong Kong, but for raising money he will presumably be using his charms rather than his fists and feet.

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