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by Stockwatch Business Reporter

The TSX Venture Exchange fell 13.40 points to 630.18 Monday. Tom Kennedy's NEX shell, Amador Gold Corp. (AGX: halted), has received shareholder approval for its acquisition of Roy Sebag's jewellery company, Mene Inc. The parties expect to close the acquisition this week. The shell, which has 5,984,750 shares issued, will issue 94,587,598 superior voting shares and 116,797,173 subordinate voting shares to its target's shareholders. Superior voting shares will represent 20 votes each. Amador's shares will convert into subordinate voting shares (each representing one vote).

Mene offers what it calls "investment jewellery." It designs pure gold and pure platinum necklaces, earrings, rings, bracelets, cufflinks, buttons and other pieces. It sets the price of each item based on the real-time value of the metal in it plus a premium of about 20 per cent. It manufactures its products in New Jersey and sells them on-line. If you buy an item from Mene, you will be able to monitor, on Mene's website, the value of your purchased metal over time. For instance, if you bought an eight-gram gold ring a year ago, then the ring would have had about $359 (U.S.) worth of gold back then and about $347 (U.S.) worth of gold now. Customers may sell a jewellery item back to Mene for 90 per cent of the real-time value of the metal in it.

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