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by Stockwatch Business Reporter

The TSX Venture Exchange fell 4.39 points to 542.48 Tuesday. Gary Freeman's shell, Ethos Gold Corp. (ECC), plans to acquire Rudy Callegari's New York company, Zootly LLC, which has designed an app for people who are moving.

Ethos will roll back 1:3, leaving it with 14,486,304 postconsolidated shares, after which it will issue 35,120,388 postconsolidated shares to the shareholders of Zootly. The shell will then change its name to Zootly Holdings Corp. Mr. Callegari is Zootly's founder, president and largest shareholder with about 58 per cent of the company, which he established last year. Zootly has an app that enables migrating New Yorkers to schedule a move with movers. After downloading the app, you can fill out your address and details related to your move, including when, where and the number of floors that the movers have to climb (in Manhattan, many residential buildings have no elevators). The app then asks for more details, including the size of your current residence, after which it gives you an estimated total.

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