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by Stockwatch Business Reporter

The TSX Venture Exchange declined 10.66 points to 598.10 Thursday. The exchange is resuming its unofficial, experimental policy of handing out nine-month extensions to capital pool shells that have failed to close qualifying transactions within 24 months of listing. Under TMX policy, when listing a capital pool shell, the founders must complete a QT within 24 months. Failing that, the shell is suspended and it then has 90 days to secure shareholder approval to downgrade to the NEX (the downgrade includes cancelling half the escrow position), or else it must delist. Last March, the exchange started handing out nine-month extensions to capital pool shells in light of poor market conditions. Yesterday, after the closing bell, the TSX-V revealed two new beneficiaries to its unofficial policy. They are Derek Wasson's Marquis Ventures Inc. (MQV) and Mike Veldhuis's Red Rock Capital Corp. (RCC), both of which now have until December, 2015, to drum up a QT. Their official 24-month QT deadlines arrived in March, 2015, following which the exchange suspended them but delayed their transfers to the NEX.

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