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by Stockwatch Business Reporter

The TSX Venture Exchange rose 7.49 points to 805.08 Monday. Steve Forget's halted capital pool shell, Cortina Capital Corp. (CCN), plans to acquire a Quebec clean-tech company called Ecolomondo Corp. Inc. for the shell's qualifying transaction. Cortina, which has 13.81 million shares issued, will issue 155,328,790 shares to Ecolomondo's shareholders. Before the QT can close, Cortina must also sell a $2-million private placement of 5,714,285 units at 35 cents.

Ecolomondo claims to have developed a decomposition process that turns hydrocarbon waste into oil, gas, steel or carbon black. Carbon black is used for strengthening rubber products and as a colour pigment in ink and paint. Ecolomondo says its technology works on old tires, as well as disposable diapers, asphalt roof shingles and vehicle shredder residue. (A predecessor to the TSX Venture Exchange, the Vancouver Stock Exchange, listed several companies that hoped to extract treasure from old tires, but none that hoped to do it from disposable diapers.) Ecolomondo does not yet generate revenue from operations -- neither did those on the VSE -- but it has a pilot facility in Contrecoeur, near Montreal. It also has letters of intent to build three more facilities: one in Malartic, Que., for investment company CVE Abitibi Inc.; one in Hawkesbury, Ont., for clean-tech investor Ecological Recycling CG Inc.; and one in New Jersey for property developer Matzel Group LLC. After building and selling each facility, Ecolomondo expects to either operate it or collect a royalty from its operation.

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