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by Stockwatch Business Reporter
The TSX Venture Exchange gained 19.20 points to close at 998.14 Thursday. Gunther Roehlig's capital pool shell, Plymouth Realty Capital Corp. (PH: halted), has received the TSX-V's conditional approval for the shell's qualifying transaction, which is the acquisition of KCP Minerals Inc. This QT target owns three Mexican silver properties, two of which have historical resource estimates (prepared in 2007 and 2008, and discussed in the Shell Summary for Sept. 29, 2020). The sole shareholder of KCP Minerals is Silver One Resources Inc. (SVE: $0.69), which is focusing on properties in Nevada and Arizona. Plymouth Realty Capital, which has 11,387,500 shares issued, will issue five million shares and pay $1-million cash to Silver One Resources.
The shell, which originally arranged a $10-million private placement at $1 in connection with the QT, has so far managed to raise $7.4-million at 80 cents. It is now selling another $2-million worth of units at 80 cents, and in typical Howe Street fashion, it describes the lower-than-planned share price and financing size as being reflective of "increased demand." In any case, the shell's resulting issuer is expected to trade as Silverton Metals Corp.
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