This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange gained 4.57 points to 770.91 Tuesday. Steve Bajic's halted, four-year-old capital pool shell, Margaux Red Capital Inc. (MXC), has dropped its second attempt at a qualifying transaction. It had arranged to acquire intellectual property assets from SOCPRA (Societe de commercialization des produits de la recherche applique SOCPRA-Sciences et Genie SEC), the manager of licensing deals involving research output from the University of Sherbrooke. The IP assets were for a quantum random-number generator, which has applications in data encryption and gaming. Under the QT agreement, Margaux Red had to pay $20,000 and issue four million shares for the IP assets.

The shell did not provide a reason for calling off the deal, but now SOCPRA is selling the same IP assets to Marc Labrecque's halted Active Growth Capital Inc. (ACK). Active Growth has mineral exploration projects in Quebec (the minerals being dolomite marble and muscovite, which is used for fireproofing and insulation), but the company has not done any exploration work since the summer of 2012. It is now changing its business. To acquire the quantum random-number generator, Active Growth will pay $300,000 and issue six million shares. On March 31, 2016, it had a working capital deficit of $15,316. It is now selling an $800,000 private placement of units at five cents.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS