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Shell Summary for Feb. 10, 2017

2017-02-10 20:58 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange climbed 10.28 points to 836.16 Friday, ending the week up 16.88 points. Emprise Capital Corp.'s shell, Homeland Energy Group Ltd. (HEG), was the most active trader on the NEX today and the 10th most active on the TSX-V (including both TSX-V tiers and the NEX board). It closed unchanged at one cent on 3.3 million shares, after announcing a plan to roll back 1 for 75, which would leave it with 6,296,055 postconsolidated shares issued. The shell also plans to change its name to Sixonine Ventures Corp. It will hold a meeting on March 9 to seek shareholder approval for the rollback and the name change.

Homeland Energy used to be a coal miner in South Africa. It ended operations in 2012, sold its main assets in 2013, then sold the rest of its assets in 2014. In December, 2016, an Emprise Capital fund privately acquired 47.6 per cent of Homeland, or 225 million shares, at 0.0284 cent. The chief executive officer of Emprise, Scott Ackerman, then took over as the CEO of Homeland.

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