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by Stockwatch Business Reporter

The TSX Venture Exchange fell 12.87 points to 820.24 Monday. David Brett's suspended capital pool shell, Inovent Capital Inc. (IVQ), plans to acquire the King's Point gold-copper-zinc property in Newfoundland for its qualifying transaction. The shell, which has 4,864,800 shares issued, will issue 2.75 million shares to the seller, geologist Dean Fraser. On closing of the QT, Mr. Fraser will manage Inovent's exploration programs through his geological consultancy, RDF Consulting Ltd. In the meantime, Inovent has commissioned an independent technical report on King's Point.

Mr. Brett is a first-time shell-maker but a long-time mining and tech stock promoter. He is the son of Guilford Brett, the founder of Cusac Gold Mines Ltd. Mr. Brett the younger was the president of Cusac Gold in December, 2006, when it restarted drilling at its Table Mountain gold project in British Columbia, and in April, 2008, when it merged with Hawthorne Gold Corp. in an all-share deal. Mr. Brett the elder was sad to let Cusac Gold leave the family's hands; he staked the Table Mountain claims himself. Drilling in 2007, however, returned low grades, and Cusac Gold's stock fell to nine cents from 24 cents in that year. These days, Mr. Brett junior is the president of B.C. jade explorer Pacific Bay Minerals Ltd. (PBM: $0.065), while Papa is Pacific Bay's chairman. David Brett is also the president of B.C. gold explorer Engold Mines Ltd. (EGM: $0.035).

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