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by Stockwatch Business Reporter
The TSX Venture Exchange gained 2.50 points to 712.06 Friday, but it ended the week down 12.65 points. Peter Bures's capital pool shell, Antler Hill Mining Ltd. (AHM: halted), plans to acquire two mineral exploration properties in San Juan province, Argentina, for the shell's qualifying transaction. The first, Cerro Blanco, is a copper-gold-molybdenum property covering 12,830 hectares. The other, Amiches, is a gold-silver property covering 1,015 hectares. To acquire both properties, Antler Hill must pay $1-million (U.S.) and issue 1.8 million shares over seven years.
The portion due on closing of the QT comprises $100,000 (U.S.) and 900,000 shares. The cash component will be no trouble at all for the shell, which had $499,000 in its treasury on June 30. (The next portion, comprising another $100,000 (U.S.) and no shares, will not be due until the first anniversary of the QT.) Antler Hill currently has 18,765,000 shares issued.
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