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by Stockwatch Business Reporter

The TSX Venture Exchange gained a fraction to close at 827.02 Tuesday. Hani Zabaneh's halted capital pool shell, Black Springs Capital Corp. (BSG), has identified two more director nominees for its resulting issuer: David Charles and Mark Billings, both chartered financial analysts in Montreal. For the shell's qualifying transaction, it is acquiring Michel Belisle's Quebec gold property owner, Groupe Ressources Geomines Inc. The shell will roll back 1 for 2, leaving it with 4,125,000 postconsolidated shares issued, then issue 17,168,786 postconsolidated shares to its target's shareholders. Black Springs will also issue 17,857,143 postconsolidated shares to Kiril Mugerman's Geomega Resources Inc. (GMA: $0.10), which is selling all eight of its Quebec gold properties to Geomines. Geomega plans to distribute 7,827,464 of the postconsolidated shares to its shareholders, then keep the remaining 10,029,679. On closing of Black Springs' QT, Geomega will hold 19.9 per cent of the resulting issuer's shares. This resulting issuer will be called Kintavar Exploration Inc.

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