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Shell Summary for Sept. 1, 2015

2015-09-01 21:07 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell 11.19 points to 547.97 Tuesday. Harry Dobson and Brian Hinchcliffe's NEX-listed Northern Aspect Resources Ltd. (NTH), down two cents to 51 cents on 10,500 shares, has firmed up its plans to acquire Blockchain Tech Ltd. as its qualifying transaction by signing a definitive agreement.

Northern Aspect will issue five million shares at a deemed price of 15 cents a share to the shareholders of Blockchain, after which the shell will change its name to Blockchain Tech Ltd. Guy Halford-Thompson and his brother, Hugh Halford-Thompson, will each receive 1.35 million shares. Guy joined the board of Northern Aspect last July, replacing Mr. Dobson (who remains a shareholder), and will take over as chief executive officer when the QT closes. Guy is a British software analyst and the founder of QuickBitcoin, which sells Bitcoins on-line in the United Kingdom. He moved to Vancouver from London, England, in 2011 to work as a software analyst for the B.C. Lottery Commission. He left that job at the end of 2013, and shortly afterward became the director of IT at Tantalus Labs, a hopeful Vancouver medical marijuana producer that plans to grow cannabis in greenhouses, should it ever receive the coveted MMPR licence from Health Canada. Guy's brother, Hugh, still lives in London, England, managing Blockchain Tech's United Kingdom operations. He graduated with a computer science degree from the University of Exeter and now works as a programmer, specializing in blockchain technology.

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