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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 6.26 points to 714.01 Wednesday. Pat DiCapo's halted capital pool shell, POCML 3 Inc. (PWR), has received conditional TSX-V approval for its qualifying transaction with Neo Lithium Corp. The target holds mineral and surface rights to a lithium salar and brine project in Argentina. To acquire Neo Lithium, the shell will roll back 0.91 for 1, leaving it with 6.37 million postconsolidated shares issued, then issue 27 million postconsolidated shares to the target's shareholders. POCML 3 and Neo Lithium expect to close the deal by July 14.

In April, POCML 3 sold a $7-million private placement of 20 million postconsolidated subscription receipts at 35 cents. One of the placees was Paul Matysek's Bedrock Capital Corp., which bought 150,000 subscription receipts. Mr. Matysek is the executive chairman of Argentina and Nevada lithium explorer Lithium X Energy Corp. (LIX: $1.83).

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