by Stockwatch Business Reporter
The TSX Venture Exchange fell six points to 1,184 on Monday. It was a slow day for the shell sector with no new listings or qualifying transaction plans.
Apart from a couple of cancelled QTs, the only news came from Kelly Klatik's Druk Capital Partners Inc. (DRU), which has now raised $6.52-million for its QT by selling 26.08 million subscription receipts at 25 cents. The shell is in the middle of arranging a QT to acquire the Lac Pelletier gold property in the Rouyn-Noranda area of Quebec. Druk's vendor is Alexis Minerals Corp., which earlier this month rolled back its shares 1:20 and changed its name to QMX Gold Corp. (QMX: $0.495).
Druk, a shell run by the M Partners brokerage, has revealed that it sold 7.77 million of those subscription receipts to Sean Roosen's Osisko Mining Corp. (OSK: $8.52).
Osisko's interest in Druk's QT was probably enough for Druk to sell the other 18 million private placement subscription receipts. The shell's chairman, Darin Wagner, can hardly contain his excitement about this QT, having recently touted, "Perhaps once in a decade there is an opportunity to acquire a land package which encompasses the majority of a mining district like the Rouyn-Noranda camp."
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