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by Stockwatch Business Reporter

The TSX Venture Exchange gained 2.71 points to 734.58 Friday, but ended the week down 12.09 points. Donald Gee's halted capital pool shell, Javelle Capital Corp. (JVL), plans to acquire Kyrgyzstani gold explorer Kenadyr Mining Corp. for the shell's qualifying transaction. Javelle will roll back 1 for 2, leaving it with 3,549,599 postconsolidated shares issued, then issue 79,898,024 postconsolidated shares to Kenadyr's shareholders.

Kenadyr owns the Borubai gold project in Kyrgyzstan, one of China's neighbours to the northwest. Borubai covers 164 square kilometres and is adjacent to the Taldy-Bulak Levoberezhny gold mine, owned by China's largest non-coal miner, Zijin Mining Group Co. Ltd. Taldy-Bulak began trial production in July, 2015. At Borubai, historical exploration work includes 98,200 metres of drilling in 184 holes.

The QT has no financing requirement, because Kenadyr has money. In early September, 2016, it sold an $8.7-million private placement of 24,862,153 shares at 35 cents, to 196 subscribers. Later that month, it sold a $2.13-million private placement of 6,094,928 more shares at 35 cents, to 41 subscribers. The placees in both financings came from 21 countries and territories, including Ecuador, Curacao, Sweden, Liechtenstein, Saudi Arabia, Hong Kong and New Zealand. Kenadyr had help from 14 finders, including Haywood Securities Inc., which received $102,439 cash and 289,351 shares as compensation. Another helper was Carson Seabolt and Mario Vetro's Vancouver corporate finance firm, Skanderbeg Capital Advisors Inc., which received 714,238 shares for its service. A principal of Skanderbeg, accountant Kevin Ma, is the chief financial officer of Kenadyr. He will be the CFO of the resulting issuer.

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