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by Stockwatch Business Reporter

The TSX Venture Exchange lost 3.22 points to close at 584.62 Monday. Roger Daher's first capital pool shell, Skyscape Capital Inc. (SKY: halted), plans to acquire PesoRama Inc. for the shell's qualifying transaction. The complete QT terms are not yet available, but the shell plans to roll back 1 for 1.5, leaving it with 1,333,333 shares issued.

PesoRama was formed in Calgary in 2017. It is an aspiring "dollar store" chain operator in Mexico. It plans to open its first store in Mexico City, though it does not provide a time frame for this. Basically, it does not yet have any operations and is therefore not much different from a shell at this point.

If PesoRama seems familiar to shell investors, that is because it previously arranged to go public through Katharine De Witt's first capital pool shell, Magnitude Mining Ltd. (MML: $0.14). As a condition for closing the deal with Magnitude, PesoRama needed to sell an $8-million private placement at 75 cents. According to a document filed with the B.C. Securities Commission, PesoRama raised $4.43-million in March from 152 unnamed Canadian investors. In April, however, Magnitude announced without explanation that it had called off the deal. Ms. De Witt's shell has yet to come up with a new QT plan.

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