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by Stockwatch Business Reporter

The TSX Venture Exchange lost 4.94 points to 667.06 Thursday. David Patterson and Colin Watt's seventh capital pool shell, Two Owls Ventures Corp. (OWL: halted), plans to acquire a mining software developer called Minerva Intelligence Inc. for the shell's qualifying transaction. Two Owls Ventures will roll back 1 for 2, leaving it with 3.1 million shares issued, then issue 38,575,005 shares to Minerva's shareholders.

Minerva is a Vancouver company. It is talking up artificial intelligence, specifically machine learning, which refers to the way that computers can use statistical techniques to identify patterns within large collections of data and then make decisions based on those data, even with minimal human input or explicit programming. So far, Minerva is working on three software products: MineMatch, HazardMatch and MetMatch. MineMatch is for locating mineral deposits, HazardMatch is for evaluating landslide hazards and MetMatch is for handling metallurgical data.

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