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by Stockwatch Business Reporter

The TSX Venture Exchange slipped a fraction to 686.17 Tuesday. Dr. John Veltheer's halted shell, Lateral Gold Corp. (LTG), plans to acquire CANHaul International Corp., a logistics software developer in Calgary. The shell will roll back 1 for 4, which would leave it with 2,547,741 postconsolidated shares issued, then it will issue one postconsolidated share in exchange for each common share or restricted share unit of CANHaul. (Lateral Gold does not say how many of these shares and units there are.) The shell will also allocate up to 2.75 million postconsolidated shares, to be issued to officers, employees and shareholders of CANHaul if the resulting issuer meets certain performance targets.

CANHaul has a software platform, called Trakopolis, that monitors inventory, trucks and drivers on the move. Companies can log in to Trakopolis on-line, and then check the status of their assets, including the temperature of their products, the location of their trucks and the number of hours their drivers have been on the road. In CANHaul's fiscal year ended June 30, 2015, it had an operating loss of $1.98-million on revenue of $6.16-million. At the end of that period, its total liabilities exceeded its total assets by $1.86-million. Lateral Gold expects to provide more financial information about CANHaul soon.

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