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by Stockwatch Business Reporter

The TSX Venture Exchange added 3.70 points to 553.75 Thursday. David Stadnyk's NEX shell, Viper Gold Ltd. (VPR), plans to acquire QuikFlo Technologies Inc., a Calgary health care company.

Viper, which has 5,777,200 shares outstanding, will issue 30 million shares to the shareholders of QuikFlo, after which the shell will change its name to QuikFlo Health Inc. Mr. Stadnyk and fellow Viper director, George Tsafalas, are large shareholders of the shell and its target. Mr. Stadnyk owns 1,535,000 Viper shares and three million QuikFlo shares, while Mr. Tsafalas owns 600,000 Viper shares and 2.7 million QuikFlo shares, making this a non-arm's-length transaction that requires approval from a majority of the shell's minority shareholders, according to TMX policy. The shell has already scheduled a meeting for Oct. 26.

QuikFlo is developing a technology to interpret computerized tomography (CT) scans of stroke patients and provide doctors with specific treatment options. The company says this will decrease the amount of time to diagnose a patient who has suffered a stroke, noting that shorter periods of time between a patient entering a hospital and that patient beginning to receive treatment are strongly correlated with better outcomes for patients. QuikFlo acquired its technology last July from Innovate Calgary, a division of the University of Calgary, which will receive a royalty if this technology makes it past the research and development stage.

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