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by Stockwatch Business Reporter

The TSX Venture Exchange added 7.15 points to 666.36 Wednesday. David Danziger's halted capital pool shell, Aumento Capital IV Corp. (ACV), hopes to sell a private placement of 3,897,059 shares at $1.36 for $5.3-million in connection with its acquisition of Life Choices Natural Foods Corp. Canaccord Genuity Corp. will handle the offering on a best-efforts basis.

Last month, Aumento Capital IV secured approval from shareholders to roll back its shares 1:2, which will leave it with 804,650 postconsolidated shares, and then acquire Life Choices by issuing 14,705,885 postconsolidated shares to the shareholders of Life Choices, valuing the company at $20-million. The shell will then change its name to GreenSpace Brands Inc. and resume trading on the TSX-V. Life Choices, founded by Toronto businessman Matthew von Teichman, sells packaged convenience meat products such as hot dogs, burgers, chicken nuggets and sausages. Last year, it redesigned its packaging, logo and website to say that its meat is better than everyone else's meat. The company's meat comes from grass-fed animals that are raised without the use of added hormones or antibiotics. As its website proudly proclaims: "We believe in traditional farming methods, dignity for animals and respect for the land. 100 years ago we had it right, let's get back to it!" These premium products come with a premium price. For example, a pack of six all-beef, gluten-free wieners sells for around $9.99. Comparatively, you can buy a six all-beef, gluten-free juicy jumbos from Schneiders for $6.99. Life Choices has been in business for 13 years and has its products on the shelves of hundreds of grocery stores across the country, including Loblaws, Whole Foods Market, Pharmasave, Safeway and UrbanFare. In the nine-month-period ended Dec. 31, 2014, Life Choices lost $855,242 on revenue of $2.2-million.

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