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by Stockwatch Business Reporter

The TSX Venture Exchange added 6.33 points to 582.93 Monday. David Antony's shell, Iron Tank Resources Corp. (TNK), is following the current trend of shells acquiring tech companies, with its plan to complete a reverse takeover of Robert Danard's Spriza Inc.

Iron Tank will issue 55 million shares at a deemed price of five cents a share to the shareholders of Spriza, a California company that bills itself as a contest distribution company. It will take your information -- e-mail, interests, address -- and then e-mail you contests that other companies are offering, as long as you are qualified to enter. You can then share the contest with friends through Facebook or through e-mail. Spriza also has a toolkit with templates for customers to start a contest and monitor results. For the most part, this sounds like Travelzoo, but instead of getting e-mailed travel deals you are getting e-mailed on-line contests. For example, if you visit the Spriza website and you are a Canadian, you will find that you are qualified for a contest offered by Wonderlist, a rewards program operated by The Toronto Star, in which you can fill out basic information and then be entered for a chance to win a vacation to Athens. Spriza refers to itself as an "emerging growth company," a pleasing way of saying it is unprofitable. It generated no revenue in the quarter ended March 31, 2015, with a net loss of $212,264 (U.S.). It had working capital of $510,000 (U.S.) as of March 31, 2015, and it plans to close a financing, amount unstated, in connection with the reverse takeover.

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