This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
by Stockwatch Business Reporter
The TSX Venture Exchange fell 13.44 points to 812.16 Friday but ended the week up 1.24 points. Roger Dent's halted capital pool shell, Quinsam Opportunities I Inc. (QOP), has added a nominee to the board of directors of its resulting issuer. For its qualifying transaction, the shell is acquiring VitalHub Corp., the creator of a mobile app called VitalHub Chart. The app enables health care providers to access patient data on a cellphone or tablet. Quinsam Opportunities, which has nine million shares issued, will issue 13,400,016 shares to VitalHub's shareholders. Currently, the shell is selling a $500,000 private placement of 4,545,454 units at 11 cents through Industrial Alliance Securities Inc.
The new director nominee is Barry Tissenbaum, an accountant in Toronto. He was a partner at Ernst & Young LLP from 1991 to 2005. From April, 2006, to October, 2015, Mr. Tissenbaum was a director of Medworxx Solutions Inc., the designer of a patient flow management program for hospitals. Medworxx was acquired by private U.S. software company Aptean Inc. in October, 2015, for 56.56 cents cash per share. Mr. Tissenbaum was also a director of Northstar Healthcare Inc. (now called Nobilis Health Corp. (NHC: $4.38)), Universal Energy Group Ltd. (now a part of Just Energy Group Inc. (JE: $7.22)) and private Canadian software company Corel Corp. These days, he is a trustee of Noranda Income Fund (NIF: $2.65).
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2024 Canjex Publishing Ltd. All rights reserved.