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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 8.36 points to 669.46 Wednesday. Brian Bayley and Murray Sinclair's halted capital pool shell, Kaizen Capital Corp. (KZN), will begin trading on the TSX-V tomorrow as a shell graduate called Tudor Gold Corp. (TUD). Kaizen's qualifying transaction was the acquisition of the Mackie gold-silver project in British Columbia's Skeena mining division. The shell issued 30 million shares to the property vendor, Walter Storm's Tudor Holdings Ltd. Tomorrow, Tudor Gold will have 44,905,000 shares issued.

The shell-making duo of Mr. Bayley and Mr. Sinclair has now closed QTs for 20 capital pool shells, including Kaizen. In the Shell Summary for Jan. 15, 2016, we calculated that their first 19 shells yielded an impressive 16 successes and three failures for their initial public offering shareholders. We say that a shell is a success if most of its IPO shareholders can get out of their investment with a profit in the months following the closing of a QT. For Kaizen to be considered a success, Tudor Gold must trade, on sufficient volumes, above Kaizen's IPO price of 20 cents.

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