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by Stockwatch Business Reporter
The TSX Venture Exchange added 1.05 points to 682.62 Thursday. Harry Dobson and Brian Hinchcliffe's halted capital pool shell, the NEX-listed Northern Aspect Resources Ltd. (NTH), plans to acquire, as its qualifying transaction, Guy and Hugh Halford-Thompson's Blockchain Tech Ltd., a Vancouver-based tech investment firm that was incorporated in the Isle of Man.
Northern Aspect, which currently has 3,981,300 shares outstanding, will issue five million shares to the shareholders of Blockchain. Guy Halford-Thompson and his brother, Hugh Halford-Thompson, each own 27 per cent of Blockchain for a total of 54 per cent. The second-largest shareholders are Rupert Williams and Jeremy Woodgate, investors in the United Kingdom who each own 20 per cent. As Northern Aspect's target, Blockchain invests in companies "that leverage block-chain technology to disrupt and transform existing industries." So far, there is neither disruption nor transformation, but it has one investment, an unnamed remittance business that has built a platform for remitting money from the United Kingdom to other countries. Somehow or other, the remittance uses block-chain technology, which allows individuals to securely exchange with each other digital property such as Bitcoin. You don't understand? Neither do many others.
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