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Shell Summary for March 17, 2020

2020-03-17 20:02 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained 8.26 points to close at 374.72 Tuesday. David Patterson and Colin Watt's sixth capital pool shell, Von Capital Corp. (VON: suspended), has submitted a filing statement for its qualifying transaction, which is a B.C. mining deal. It has received conditional approval from the exchange for the QT and expects to close it in late May.

For its QT, Von Capital is acquiring Xplore Resources Corp. The shell, which has five million shares issued, will issue 18.1 million shares to its target's shareholders. Xplore has a copper property, called Valk, near the northern tip of Vancouver Island. The property covers 1,614 hectares. There has been no drilling at Valk so far, only sampling programs. According to Xplore, there could be other minerals at Valk, more promotable ones than copper, such as gold and vanadium. In any case, Xplore last year conducted a sampling program and prepared a technical report for Valk. The report recommends spending $235,000 on an airborne survey and then, depending on the survey results, $2.54-million on a 5,000-metre drill program.

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the guys who signed an agreement that gave a producing mine in Quebec away for nothing plus more money?

Posted by oopsie at 2020-03-18 00:46