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by Stockwatch Business Reporter

The TSX Venture Exchange rose 7.13 points to 626.92 Tuesday. Brian Bayley and Murray Sinclair's halted, five-year-old capital pool shell, Kaizen Capital Corp. (KZN), has submitted a filing statement for its qualifying transaction, which is the acquisition of the Mackie property in northwestern British Columbia. Kaizen, which has 3,025,000 shares issued, will issue 30 million shares to Tudor Holdings Ltd., which is controlled by resource investor Walter Storm.

The Mackie property comprises three claim groups in the Skeena mining division: Mackie West (3,603 hectares), Mackie East (1,685 hectares) and Doc (1,704 hectares). Tudor wholly owns Mackie West, and it holds options to acquire 100 per cent of the other two claim groups. To take over the Mackie East option, Kaizen Capital must pay $200,000 over the next four years to the optionor, Richard Mill. To acquire 100 per cent of Doc, Kaizen must pay $150,000 over the next three years to prospector John Bot and then pay him another $1,825,000 in November, 2019.

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