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by Stockwatch Business Reporter

The TSX Venture Exchange lost 6.86 points to 818.06 Monday. Larry Doan's suspended capital pool shell, Marching Moose Capital Corp. (MMC), has rolled back 1 or 2, leaving it with 1,820,002 postconsolidated shares issued. The shell is working on its qualifying transaction, which is the acquisition of Avidian Gold Inc., a Toronto-based resource junior with properties in Alaska, Nevada and Newfoundland. To acquire Avidian, Marching Moose will issue 43,571,329 postconsolidated shares. The shell and its target firmed up their deal last week, upgrading their letter of intent into a definitive agreement.

Before the QT can close, Avidian must raise at least $4.2-million by selling subscription receipts. It has not yet set the price. The resulting issuer will use the proceeds for exploration and working capital. (Previously, the financing requirement for Avidian was only $500,000. It had considered selling shares at 15 cents.)

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