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by Stockwatch Business Reporter
The TSX Venture Exchange gained 6.09 points to 679.68 Friday, ending the week up 10.74 points. Paul Larkin's halted capital pool shell, Capstream Ventures Inc. (CSP), has closed its qualifying transaction. It is now awaiting final approval to resume trading on the TSX-V as a shell graduate, an investment issuer with a focus on technology companies. For its QT, Capstream has acquired 48,489,579 shares or 29.29 per cent of Axion Games Ltd. and a $350,000 (U.S.) convertible note of Innovega Inc.
Axion Games is a Shanghai-based video game developer, best known for a game called Fat Princess, which is available for PlayStation and on Google Play. The goal for players is to rescue a princess, who is slowed down by "magical cake, making her harder to escort back to your castle." Capstream, which had 7,079,800 shares issued before the closing of the QT, issued some magical cake of its own: 150,168,692 shares to Axion's selling shareholders. The largest two of these shareholders are Bangkok tech executive and investor Nithinan Boonyawattanapisut, who now controls 70,530,040 Capstream shares (44 per cent), and Tokyo investor Kiyomi Sato, who now controls 30,986,832 Capstream shares (19 per cent).
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