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by Stockwatch Business Reporter
The TSX Venture Exchange lost 3.69 points to 765.46 Monday. Scott Ackerman's North Bluff Capital Corp. (NBK) has a filing statement for its QT with Mark O'Dea and Donald McInnes's Sun Metals Corp. This means that North Bluff is one step closer to closing the deal. Investors have been waiting for this slowpoke to complete a QT since it listed on Oct.28, 2009, almost nine years ago. For much of the time it has been either halted or suspended. Now, finally, things are looking up. In anticipation ofnew life, North Bluff has rolled back its stock 1 for 2 and sold $6.44-million worth of subscription receipts at 25 cents. It budgets $2.17-million for exploration at Sun Metals' Stardust gold-silver-copper property in Northern British Columbia. There, Sun Metals spent $725,000 last year. It just hired Ian Neill as its new vice-president of exploration. Mr. Neill previously worked in Nunavut with Wolfden Resources Corp. (WLF: $0.37). At Sun Metals, he will receive $180,000 a year.
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