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by Stockwatch Business Reporter

The TSX Venture Exchange gained 9.73 points to 674.87 Friday, ending the month up 93.79 points. Paul Larkin's halted capital pool shell, Capstream Ventures Inc. (CSP), has submitted a filing statement for its qualifying transaction. The shell plans to become a tech investment firm with two initial investments, Axion Games Ltd. and Innovega Inc.

The first target, Axion, is a video game developer in Shanghai. Capstream Ventures, which has 7,079,800 shares issued, will issue 117,168,692 shares to acquire 29.29 per cent of Axion. The shell will also allocate another 33 million shares, which will be released from escrow if Axion reaches either of two financial milestones over the next three years. The two milestones are an annual EBITDA of $6-million (U.S.) and annual video game preorders of $10-million (U.S.).

Axion is a 10-year-old business that now has about 380 employees. It started off with joint ventures, then in 2009 it released the first game of its own, Fat Princess, for PlayStation. Fat Princess is a multiplayer game in which teams attempt to rescue a princess, who is slowed down by "magical cake, making her harder to escort back to your castle." Players have described the game as fun, addictive, ridiculous and humorous. As well as being available on PlayStation, Fat Princess is also on Google Play, where 7,114 users have given it an average rating of 4.3 stars out of five.

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