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by Stockwatch Business Reporter

The TSX Venture Exchange slipped a fraction to 804.12 Tuesday. Donald Gee's halted capital pool shell, Javelle Capital Corp., has rolled back 1 for 2 and changed its name to Kenadyr Mining (Holdings) Corp. (KEN). It remains halted. For its qualifying transaction, the shell is acquiring a Kyrgyzstani gold explorer. Kenadyr, which now has 3,549,599 postconsolidated shares issued, will issue 79,898,024 postconsolidated shares to its target's shareholders. The shell expects to close its QT by May 25.

Mr. Gee is a geologist, accountant, long-time public company director and first-time shell-maker. He listed Javelle in February, 2011, with a $300,600 initial public offering of shares at 10 cents. In October, 2016, the shell rolled back 1 for 5. Considering both rollbacks, the break-even price for the shell's IPO shareholders is now $1.

Hani Zabaneh's halted capital pool shell, Black Springs Capital Corp. (BSG), has completed its QT by acquiring a Quebec gold explorer. The shell rolled back 1 for 2, which left it with 4,125,000 postconsolidated shares issued, then it issued 35,025,529 postconsolidated shares to its target's shareholders. Black Springs expects to begin trading under a new name, Kintavar Exploration Inc., on Monday.

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