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by Stockwatch Business Reporter

The TSX Venture Exchange added 1.07 points to 691.82 Tuesday. Robert Thast and Paul Larkin's halted capital pool shell, Capstream Ventures Inc. (CSP), will become a video game and app developer company as its qualifying transaction. It plans to acquire a minimum 21.9-per-cent interest in Axion Games Ltd., a video game company in Shanghai, and a 65-per-cent interest in Red Anchor Trading Corp., an app developer in Thailand.

Capstream calculates that each 1 per cent of Axion is equal to four million Capstream shares, deemed at 20 U.S. cents a share, which means the shell will issue 87.6 million shares for a 21.9-per-cent interest in Axion, formerly Epic Games China Ltd. Axion has two video game studios as well as a content-generation technology called Atlas for multiplayer on-line games. It also offers outsourcing services to other game developers. One of the company's co-founders, director John Todd Bonner, will join the board of Capstream following the QT. Mr. Bonner started his career in investment banking at Alex. Brown & Sons, which Bankers Trust acquired in 1997. He later co-founded PPCW Ltd., a large telecom, media and property development company listed on the Hong Kong Stock Exchange. He left in 2003 to start an investment company in Indonesia, which led to investments in video game and app development companies.

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