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by Stockwatch Business Reporter

The TSX Venture Exchange gained 2.25 points to 707.37 Friday, but it ended the week down 4.96 points. Mark Goodman's second capital pool shell, Focused Capital II Corp. (FAV: halted), has submitted a filing statement for its qualifying transaction with Fortress Blockchain Corp., a bitcoin miner in Washington State. The shell will roll back 1 for 3.25, leaving it with 1.9 million shares issued, then issue 69,277,981 shares to its target's shareholders. Focused Capital II and Fortress are considering raising money by selling shares at 60 cents (or higher), but they have not formally announced a financing. On March 31, the shell had working capital of $547,447, while Fortress had working capital of $9.96-million. Between November, 2017, and February, 2018, Fortress sold $20.05-million worth of shares at prices ranging from 0.5 cent to 50 cents. Its largest shareholder is Fidelity Investments Canada ULC with nearly 10.36 million shares or 15 per cent.

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