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by Stockwatch Business Reporter
The TSX Venture Exchange rose a fraction to 810.89 Friday, ending the week up 11.65 points. Voyageur Industrial Minerals Ltd., the qualifying transaction target of Chris Wolfenberg's halted capital pool shell, Golden Sun Capital Inc. (GST), has found an optionee for its Utah lithium brine project. The optionee is Anson Resources Ltd., which trades on the Australian Securities Exchange and last closed at 3.3 Australian cents.
When Golden Sun Capital first arranged its acquisition of Voyageur in April, 2015, Voyageur was not a Utah lithium promotion but a less exciting British Columbia barite promotion. To raise money for its barite exploration, Voyageur had arranged a $1-million private placement of subscription receipts at 10 cents (non-flow-through receipts) or 12 cents (flow-through receipts). Then in July, 2016, it acquired its lithium project. Now, Voyageur still plans to conduct exploration at its three B.C. barite properties, but it will be spending less money on them. It has thus reduced its private placement to $600,000.
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