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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 525.56 Friday, ending the week down 15.94 points. Frank Giustra's halted NEX shell, Royce Resources Corp. (ROY), plans to acquire 1045564 B.C. Ltd., a mining company with an option on the NSP lithium claim group in Nevada.

Royce will issue five million shares to the shareholders of the numbered company. The sole director of the numbered company is Brian Paes-Braga, a former Jordan Capital Markets broker who last month acquired a large position in a different Giustra shell, Sky Ridge Resources Ltd. (SYR: $0.10), which sold a $300,000 private placement at five cents. Anyway, Mr. Paes-Braga became the sole director of the numbered B.C. company on Sept. 1, 2015, following the resignation of Patricia Horton, a corporate paralegal at Farris, Vaughan, Wills & Murphy LLP.

When Royce completes its acquisition of the numbered company, it will be responsible for the numbered company's payments to the underlying owner of the property, Clayton Valley Lithium Inc., an exploration company managed by geologist John Rud. The shell will have to pay $100,000 (U.S.) and issue one million shares to Clayton Valley right away, and then it will have to pay more cash, issue more shares and spend money on exploration in stages over four years. There is even more cash and more shares due, should Royce ever complete a positive economic feasibility study. The property is located in the Clayton Valley area, the only place in North America where there is an operating lithium brine mine. These days, there are plenty of hopeful lithium miners and plenty of lithium deals happening in Nevada as Elon Musk's Tesla Motors Inc. (TSLA: $247.57 (U.S.)) builds its $5-billion (U.S.) Tesla Gigafactory 1, a lithium-ion battery factory, in Sparks, Nev. Tesla expects to begin cell production in 2017, and it will need plenty of lithium.

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