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by Stockwatch Business Reporter

The TSX Venture Exchange gained 8.42 points to 633.84 Friday, ending the week up 29.92 points. Among the exchange's top traders today were lithium promotions: aspiring Western Australia lithium explorer Macarthur Minerals Ltd. (MMS), which rose three cents to seven cents on an unusually high 14.32 million shares; aspiring Quebec lithium explorer Great Thunder Gold Corp. (GTG), which leaped 6.5 cents to 7.5 cents on 5.24 million shares; Brian Paes-Braga's shell graduate, Argentina and Nevada lithium explorer Lithium X Energy Corp. (LIX), which rose 65 cents to $2.53 on 4.22 million shares; and Conrad Clemiss's shell graduate, aspiring Quebec lithium explorer Spearmint Resources Inc. (SRJ), which rose one-half cent to four cents on 3.87 million shares.

Lithium X went public in November, 2015, through Royce Resources Corp., an NEX shell repackaged by Frank Giustra. In connection with Royce's launch of Lithium X, Mr. Giustra sold a $1.75-million private placement at 15 cents. The 89 subscribers to that private placement are now up 1,586 per cent on paper. Spearmint Resources went public in February, 2012, through Mr. Clemiss's own capital pool shell, Indefinitely Capital Corp. The shell listed in April, 2010, with a $200,000 initial public offering of 10-cent shares. Its resulting issuer, Spearmint, traded between 10 and 25 cents for 20 months after its launch. This gave Indefinitely Capital's IPO shareholders sufficient opportunity to get out of their investment with a profit after the shell closed its qualifying transaction. In March, 2014, Spearmint split its stock 5 for 1. If Indefinitely Capital's IPO investors are still holding their Spearmint shares today, then they would be up 100 per cent on paper.

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