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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 2.18 points to 836.65 Thursday. Paul Cox's suspended capital pool shell, Adent Capital Corp. (ANT), plans to acquire Concorde Group Holdings Inc. for the shell's qualifying transaction. The target is an aspiring financial services provider in New Jersey. It aims to focus its investments on companies with market capitalization under $250-million (U.S.). Adent Capital will roll back 1 for 27.11, leaving it with 225,000 postconsolidated shares issued, then issue 27.5 million postconsolidated shares and pay $175,000 (U.S.) to Concorde Group Holdings' shareholders. On Feb. 29, 2016, the shell had a working capital deficit of $1,971, so it will need to raise money.

Concorde Group Holdings was formed last year by Craig Zabala. Mr. Zabala has been a broker with various New York firms since 1989. Currently, he is a managing director at broker-dealer John W. Loofbourrow Associates Inc. Earlier in his career, Mr. Zabala was an economist at the U.S. Department of Labor and the U.S. Department of Commerce. He was also a business and finance lecturer at the City University of New York and the University of California, Berkeley.

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