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by Stockwatch Business Reporter

The TSX Venture Exchange fell 5.54 points to 708.68 Tuesday. January Vandale has listed her first capital pool shell, Fusion Gold Ltd. (FML: $0.20), with a $200,000 initial public offering at 10 cents. Its IPO agent was Canaccord Genuity Corp. Today, there was one trade for 500 shares at 20 cents.

Ms. Vandale, 41, an engineer in Vancouver, holds three million of the shell's 4.2 million escrow shares. She also bought 35,000 shares in the IPO and now holds 48.95 per cent of Fusion's shares. Fusion is her first public company directorship, but she has invested in more than half a dozen public companies over the years. Ms. Vandale was a project manager for four years with SNC-Lavalin Group Inc. (SNC: $53.13). Before that, she was a project engineer with BC Hydro's Powertech Labs for three years and was a quality engineer with Dynetek Industries for two years.

Among Ms. Vandale's investments were companies that involved David De Witt, the chairman of Sandstorm Gold Ltd. (SSL: $5.02). Mr. De Witt, 65, a lawyer, sits on the board of Fusion and holds one million escrow shares. Not surprisingly, Fusion plans to seek a mining deal for its qualifying transaction.

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