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by Stockwatch Business Reporter

The TSX Venture Exchange fell 6.95 points to 781.07 Wednesday. Shane Doyle's halted capital pool shell, Maple Leaf Resource Corp. (MPL), expects to complete its acquisition of 1532497 Ontario Inc., doing business as Cogency, by the end of the week.

The shell will roll back its shares 1:4, leaving it with 1.61 million shares, then issue 11,395,126 postconsolidated shares to the shareholders of Cogency, after which it will change its name to Maple Leaf Royalties Corp. There are also $554,297 worth of Cogency debentures that mature Oct. 31, 2014. The debentureholders -- Nova Bancorp Ltd., Kanovksy Trust and Madison Consulting Group Ltd. -- can either receive cash or convert their debentures into shares of Maple Leaf Royalties at a deemed 30.77 cents a share. Cogency used to design and produce semiconductor chips, but in 2003, after accumulating a deficit of $48.9-million, it sold all its assets and then spent the following decade in limbo. Earlier this year, the company raised $3.07-million by selling two private placements and it now plans to use that money to buy long life oil and gas royalties, as well as non-operated working interests in production, reserves and undeveloped land. For now, it does not have any investments in its portfolio, but Maple Leaf says upon completion of the qualifying transaction it will become an "investment issuer" and spend $2.17-million on T-Bills and bankers' acceptances.

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