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by Stockwatch Business Reporter

The TSX Venture Exchange lost 4.68 points to 598.24 Tuesday. Arif Shivji's first capital pool shell, Predator Blockchain Capital Corp. (PRED: halted), has mailed an information circular to its shareholders in preparation for a meeting to be held on Jan. 22 in Calgary. At the meeting, shareholders will vote on the shell's proposed qualifying transaction, which is the acquisition of an Alberta oil and gas junior called Highwood Oil Co. Ltd., formerly Predator Oil Ltd. The shell will roll back 1 for 53, leaving it with 188,679 shares issued, then issue 5,744,204 shares to Highwood's shareholders.

Highwood produced 1,127 barrels of oil equivalent a day in the nine months to Sept. 30, 2018. Its production comprised mostly light oil from the Red Earth area in north-central Alberta. The rest of its oil and gas properties are in other parts of Alberta and in British Columbia. Besides exploration and production properties, Highwood has an interest in the Wabasca River pipeline in the Red Earth area.

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