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Stockwatch Business Reporter

The TSX Venture Exchange gained a fraction to close at 801.36 Thursday. Jay Richardson's suspended capital pool shell, Walmer Capital Corp. (WAL), has submitted a filing statement for its qualifying transaction, which is the acquisition of the Johan Beetz feldspar property in Southern Quebec. (Feldspar is a component of ceramics and glass. Johan Beetz was a Belgian man, after whom the town of Johan Beetz was named.) The seller is Jack Stoch's Globex Mining Enterprises Inc. (GMX: $0.53). Walmer Capital, which has 11.11 million shares issued, will issue two million shares and pay $100,000 to Globex. Walmer's 11.11 million shares include 7.11 million shares sold at five cents in December. It raised $355,500 from that private placement. It also raised another $512,500 in a private placement of 10.25 million subscription receipts at five cents; the subscription receipts will convert into resulting issuer shares on closing of the QT.

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