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Shell Summary for May 12, 2021

2021-05-12 20:48 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell 19.53 points to 910.92 Wednesday. David Antony's Rider 2 Investment Capital Corp. (RIDR: halted) plans to acquire D Block Discoveries Inc. for the shell's qualifying transaction. The terms are not yet available.

D Block is acquiring the Manibridge nickel property in Manitoba from Canalaska Uranium Ltd. (CVV: $0.69). There was a producing nickel mine at Manibridge from 1971 to 1977 and an estimated resource of 1.35 million tonnes at 2.25 per cent Ni. In 2019, Canalaska drilled 9.47 per cent Ni over 0.95 metre at Manibridge. Its focus, however, is on uranium properties in the Athabasca basin.

D Block is wholly owned by Stephen Stewart's Ore Group Inc. Mr. Stewart, 41, was a director of Mr. Antony's earlier shell, Rider Investment Capital Corp. Mr. Stewart's Ore Group is a shareholder of the following Canadian and U.S. mining juniors: Baselode Energy Corp. (FIND: $0.52), QC Copper and Gold Inc. (QCCU: $0.215), Mistango River Resources Inc. (MIS: $0.09), Orefinders Resources Inc. (ORX: $0.08) and American Eagle Gold Corp. (AE: $0.25). Baselode went public last year through Rider Investment Capital. It was a spinoff from QC Copper.

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