TSX VENTURE EXCHANGE APRIL 8-14

The S&P-TSX Venture Composite Index posted a small gain in the second week of April, inching up 1.7 points over the April 8-14 trading session to close at 2,547.66.

Pan African Mining gained the most value during the week, after a privately held group from Thailand agreed to buy the Vancouver-based junior at an 84.3% premium over its 20-day average trading price. Pan African’s shares soared 80.4% over the trading session to $3.79 apiece. The Thai group — Asia Thai Mining — is offering $4 for each Pan African share (as well as outstanding warrants and options) valuing the company at more than $141 million. Pan African is also spinning off its non-Madagascar assets into a new company with a cash base of $2.5 million. The new entity will incorporate Pan African’s subsidiaries in three other African countries: PAM Botswana, PAM Minerals Namibia and PAM Mozambique.

Altai Resources also gained traction on reports of a new gas discovery by an American company in the Utica shale of the St. Lawrence lowlands. The discovery significantly enhances Altai’s gas properties in the area. Altai holds varying interests in a significant land package about 2 km west of the discovery wells. Altai, whose commodities include natural gas, gold, nickel, sulphur, limestone and shale for cement, saw its stock shoot up 138.7% to $1.48 per share — the greatest percentage gain during the session.

Investors were also drawn to Olivut Resources, a diamond exploration company that owns a vast landholding in the Northwest Territories. On April 7 the junior announced the start of its $4.9-million exploration program for 2008 at its 100%-owned HOAM project and reminded investors that it had discovered seven new kimberlite bodies “within a new kimberlite province in Canada” during its first exploration season last year. Olivut’s share price rose 84.7% to 85 apiece.

Investors also flocked to Quaterra Resources, which announced that it had discovered new high-grade uranium mineralization in a hidden breccia pipe at its Arizona Strip project. The pipe is the first new mineralized breccia pipe identified on the Arizona Strip in more than 18 years and the second hidden pipe structure ever found in the district. Hole A-01-31 intercepted 57 ft. (17.4 metres) averaging 0.33% U₃O₈ at 1,034 ft. (315.2 metres) depth in the blind pipe on the A-1 VTEM anomaly. The intercept includes a higher-grade interval of 28 ft. (8.5 metres) averaging 0.58% U₃O₈. Quaterra rose 40 on the news to $3.73 per share.

After a loss of $1.28 per share in the previous trading session, Pacific Booker Minerals started to turn things around. The base and precious metals exploration company, which has an advanced stage copper, gold and silver project in central British Columbia, climbed 41 to $9.01 on no news.

TSX-V most active issues
	VOLUME	WEEK
	(000s)	HIGH	LOW	CLOSE	CHANGE
Altai Res ATI	23615	1.67	0.56	1.48	+ 0.86
Peak Gold PIK	23264	0.77	0.72	0.74	-0.02
Skyharbour Res SYH	12539	0.22	0.165	0.205	+ 0.015
Lyra Res LYR	11185	0.045	0.025	0.03	-0.01
Palladon Vent PLL	7735	0.72	0.375	0.62	+ 0.21
KWG Res KWG	7238	0.08	0.07	0.075	+ 0.005
Avalanche Mnls AVH	5444	0.19	0.105	0.155	+ 0.05
Spider Res SPQ	4976	0.12	0.11	0.11	0.00
Commander Res CMD	4591	0.24	0.14	0.22	+ 0.08
MacDonald Mns BMK	4081	0.445	0.37	0.405	+ 0.01

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Altai Res	ATI	23615	1.67	0.56	1.48	+138.7
Olivut Res	OLV	92	0.95	0.50	0.85	+ 84.7
Pan African Mg	PAF	831	3.89	2.10	3.79	+ 80.4
United Reef	URP	1516	0.105	0.045	0.09	+ 80.0
Solid Res	SRW	32	0.27	0.13	0.27	+ 80.0
Westward Expl	WWE	37	0.40	0.32	0.40	+ 66.6
Commander Res	CMD	4591	0.24	0.14	0.22	+ 57.1
Palladon Vent	PLL	7735	0.72	0.375	0.62	+ 51.2
Thunder Sword	THU	285	0.40	0.21	0.29	+ 48.7
Avalanche Mnls	AVH	5444	0.19	0.105	0.155	+ 47.6
Great Quest Me	GQ	52	0.21	0.16	0.16	-38.4
Ballad Gld & S	BGS	30	0.065	0.045	0.06	-36.8
Getty Copper	GTC	12	0.075	0.055	0.075	-34.7
Lysander Minls	LYM	175	0.28	0.125	0.145	-34.0
Vast Expl	VST	86	0.245	0.20	0.20	-33.3
Action Minls	ATM	534	0.03	0.02	0.02	-33.3
Dynasty Gold	DYG	357	0.07	0.045	0.06	-33.3
Dajin Res	DJI	384	0.22	0.15	0.15	-31.8
Eagle Hill Exp	EAG	937	0.31	0.20	0.20	-28.5
Trillium North	TNM	58	0.10	0.08	0.08	-27.2

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
PanAfricanMg	PAF	831143	3.79	+ 1.69
Altai Res	ATI	23615109	1.48	+ 0.86
Clifton Star	CFO	117400	2.90	+ 0.80
Pan Oce Exp	POE	809968	11.13	+ 0.72
Pac Booker Min < /td>	BKM	24640	9.01	+ 0.41
Quaterra Res	QTA	225533	3.73	+ 0.40
Olivut Res	OLV	91715	0.85	+ 0.39
Inca Pac Res	IPR	273921	1.88	+ 0.38
Fortress Minls	FST	560550	1.72	+ 0.34
Gobimin	GMN	86450	2.72	+ 0.32
Seabridge Gold	SEA	20312	22.50	-0.80
Canplats Res	CPQ	3086142	2.92	-0.71
Pediment Expl	PEZ	3798423	2.09	-0.58
Fancamp Expl	FNC	281845	1.86	-0.44
Keegan Res	KGN	153967	5.00	-0.40
Contintl Nickl	CNI	93000	2.48	-0.37
Rainy River Rs	RR	1108641	3.88	-0.37
Kodiak Expl	KXL	842315	2.40	-0.36
Groundstar Res	GSA	867439	0.97	-0.33
Midway Gold	MDW	129658	2.28	-0.32