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by Stockwatch Business Reporter

The TSX Venture Exchange fell 1.42 points to 764.53 Thursday. Jason Krueger's suspended capital pool shell, Vier Capital Corp. (VIE), plans to acquire Vertex Resource Group Ltd. for the shell's qualifying transaction. The shell will roll back 1 for 10, leaving it with 735,000 postconsolidated shares issued, then issue 85,773,433 postconsolidated shares to its target's shareholders.

Vertex is based in Sherwood Park, Alta. It provides environmental services (such as fluid and waste management) and industrial services (such as insulation, equipment rentals and well site accommodations). Among its customers are oil and gas companies, utility companies, telcos, and government agencies. It has 21 offices in Western Canada, two in Texas, and one in each of North Dakota, Oklahoma, New Mexico and Arizona. Last week, Vertex arranged a $40-million loan from MidStar Capital Corp., a subsidiary of Connor, Clark & Lunn Financial Group Ltd. We should learn more about Vertex's financial status when the shell submits its QT filing statement.

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