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by Stockwatch Business Reporter

The TSX Venture Exchange lost 8.21 points to 810.25 Monday. Vancouver geologist Wilson Jin has filed a preliminary prospectus to list his first capital pool shell, Transcontinental Gold Corp. The shell is selling a $200,000 to $300,000 initial public offering of shares at 10 cents, through Haywood Securities Inc.

Transcontinental has 2.7 million escrowed shares, which it sold at five cents in September, 2016. Mr. Jin bought 200,000 shares. Mr. Jin, 47, was the chief geologist of British Columbia gold explorer Huakan International Mining Inc. from its listing on the TSX-V in December, 2010, until April, 2012. Then he was the president until April, 2014, when Huakan was taken private by three Hong Kong companies that owned 91 per cent of its shares. Huakan's chart shows a gradual decline from $1.20 to six cents. Mr. Jin has not been a director of any other public company besides Huakan.

Mr. Jin has four fellow directors at Transcontinental: Kevin Zhu, Tony Guo, John Lee Wong and Zhongli Cui. There is less shell experience on this board than there is mining experience; the shell will probably come up with a mining deal for its qualifying transaction. Mr. Zhu, 48, an engineer, is the chief executive officer and a director of Canickel Mining Ltd. (CML: $0.115), an inactive Manitoba nickel promotion. He is also a consultant with C2 Mining International Corp., a mining consultancy in Vancouver. Mr. Zhu has not been a director of any other public company besides Canickel. He holds 400,000 escrowed shares of Transcontinental.

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