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by Stockwatch Business Reporter

The TSX Venture Exchange lost 3.41 points to 594.63 Thursday. Hugh Notman's NEX shell, SMC Ventures Inc. (SMV: halted), has submitted a filing statement for its acquisition of a Portland, Ore., company called Blockmint Technologies Inc. The shell will roll back 1 for 2, leaving it with 8,114,339 shares issued, then issue 34,914,681 shares to its target's shareholders.

SMC Ventures announced this deal, a cryptocurrency mining deal, in July, 2018, long after investors had lost interest in cryptocurrencies. In any case, Blockmint is working on two products, one of which is a Web browser called Minter, which performs cryptocurrency mining. A person who visits websites using Minter (rather than Internet Explorer or Google Chrome) will earn units or fractions of a cryptocurrency called Monero. The value of each Monero unit peaked at $476.47 (U.S.) in January, 2018. It fell to about $130 (U.S.) in July and further to $45.41 (U.S.) today.

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