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by Stockwatch Business Reporter

The TSX Venture Exchange rose a fraction to 825.88 Thursday. Brian Bayley and Murray Sinclair's halted capital pool shell, Kramer Capital Corp. (KRM), plans to acquire 1082138 B.C. Ltd. for the shell's qualifying transaction. The target has an option to earn an 80-per-cent interest in the Mon gold property near Yellowknife. Kramer Capital, which has 1,775,000 shares issued, will issue 34.02 million shares to 1082138 B.C.'s shareholders.

1082138 B.C.'s optionor is the privately held New Discovery Mines Ltd., of which the president is Dave Webb, an engineer with a PhD in geological sciences. As of November, 2016, New Discovery was in the middle of a diamond drilling program at Mon. It was also planning to buy equipment for bulk sampling. Giauque Holdings Ltd., a private company of which Dr. Webb is a director, holds a 2-per-cent royalty on Mon. In 1989 and 1990, a public company to which Dr. Webb was a consultant, Can-Mac Exploration Ltd., conducted exploration at Mon. Test milling by Can-Mac returned a head grade of 0.161 ounce per ton, which was "lower than anticipated" and "well below the calculated grade of the stockpile." Can-Mac stopped working at Mon after the test milling program. (1082138 B.C. claims that Mon was a "high-grade gold producer" from 1990 to 1997.) These days, besides being the president and a shareholder of New Discovery, Dr. Webb is also the lead consultant to Arizona gold explorer GMV Minerals Inc. (GMV: $0.52).

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