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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 994.89 Friday, ending the miserable shortened trading week down 29.1 points. Gordon McCormack's halted capital pool shell, Crowsnest Acquisition Corp., which has the fitting ticker symbol CAW, plans to complete its acquisition of QE2 Acquisition Corp. in about 10 days.

The shell will issue 21,912,766 shares to the shareholders of QE2, and then change its name to that of its target and resume trading under the symbol QE. The target, formed in Calgary in early 2013, buys companies in the infrastructure and utility service sectors in Alberta. So far, it has acquired two businesses (and one holding company that is not worth discussing). In October, 2013, QE2 acquired its first business, Pillar Contracting Ltd., a 16-year-old company in Fort Saskatchewan that replaces light bulbs in street lights, paints the posts of street lights, and maintains traffic lights for utility and municipal clients, including the City of Medicine Hat and the City of Red Deer. QE2 acquired its second business, Candesto Enterprises Inc., in April, 2014. Candesto, a 20-year-old company, provides road sign and guard rail installation for municipal and utility clients, including PCL Construction and the City of Calgary. QE2's first two purchases are profitable companies. Pillar earned $388,159 on revenue of $3.78-million in the fiscal year ended Sept. 30, 2013, while Candesto earned $1.09-million on revenue of $4.51-million in its fiscal year ended Jan. 31, 2014.

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