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by Stockwatch Business Reporter

The TSX Venture Exchange gained 1.46 points to 523.47 Monday, ending the month down 18.56 points. Only one capital pool company listed on the TSX-V this month, compared with three listings in November, 2014. Thirteen CPCs have listed so far this year, down from 16 listings by this time last year.

Frank Giustra's NEX shell, Royce Resources Corp., has joined other hopeful lithium explorers in Nevada, having closed its acquisition of the NSP lithium claims for $140,000 (U.S.) and 6.4 million shares. It began trading today on the TSX-V as Lithium X Energy Corp. (LIX) and was the second-busiest trader on the exchange. The stock, which had remained under 17 cents for the past two years, opened at 36 cents and peaked at 57 cents before closing at 40 cents on 1.62 million shares. Mr. Giustra is not a director of the lithium explorer, but his associate, Paul Matysek, has joined the company as chairman. Mr. Giustra continues to be a significant shareholder, with 3.17 million or 11.27 per cent of Lithium X's 28,125,732 shares issued. The second-largest shareholder is former broker Brian Paes-Braga, with three million shares or 10.66 per cent. Mr. Paes-Braga has become the company's president and a director. Lithium X plans to begin exploration at NSP in the first quarter of 2016. It has $2.47-million of working capital.

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