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by Stockwatch Business Reporter

The TSX Venture Exchange added 2.18 points to 526.11 Monday. David Patterson and Colin Watt's four-year-old capital pool shell, Oakham Capital Corp. (OKM: $0.065), was reinstated on the NEX board today. At the end of last month, the shell cancelled its planned acquisition of the Frederikson copper-zinc-lead-gold-silver property in the Labrador Trough, Quebec. The deal required Oakham to issue a total of 11 million shares to Daniel Danis's 9019-5504 Quebec Inc. and geologist Raymond Wladichuk, and to raise $750,000 in a private placement. Therein was the difficulty; Mr. Patterson and Mr. Wyatt were unable to sell enough flow-through units at 12 cents and non-flow-through units at 10 cents. Now they must look for another qualifying transaction.

The Frederikson deal was Oakham's second effort at a QT. The company sold its initial public offering of three million shares at 10 cents in April, 2011. It did not find an acquisition target until August, 2014, but it dropped that deal in January, 2015, in favour of Frederikson. The first potential QT involved acquiring the Kamouraska silica property in Southern Quebec for four million shares, and required Oakham to raise $900,000.

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