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by Stockwatch Business Reporter

The TSX Venture Exchange rallied 3.65 points to 880.44 Friday, ending the week up 2.24 points. Vince Gasparro and Michael Galego's first capital pool shell, the halted Apolo Acquisition Corp. (ACA), has received shareholder approval and conditional exchange approval for its qualifying transaction. The shell is acquiring Rob Segal and James Millership's Toronto-based cryptocurrency mining company, CryptoGlobal Inc. The shell will roll back 1 for 3.938, leaving it with 2,958,354 shares issued, then issue 117,014,771 shares to its target's shareholders. Apolo Acquisition and CryptoGlobal expect to close the QT on Jan. 25.

We last explained how cryptocurrency mining works in the Shell Summary for Dec. 28, 2017. According to the shell's QT filing statement, submitted two days ago, CryptoGlobal lost $95,787 on revenue of $16,699 between Aug. 8 (the date of its formation) and Oct. 31, 2017. In November, the company sold $14.67-million worth of shares at 51 cents to 113 investors. Then in December, it sold $10.15-million worth of shares at 85 cents to 83 investors.

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