07:52:06 EST Mon 27 Jan 2020
Enter Symbol
or Name

Login ID:

Shell Summary for Aug. 23, 2019

2019-08-23 21:19 ET - Market Summary

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 closed up 3.85 points to 581.95 Friday, ending the week up 11.52 points. Francesco Aquilini's first capital pool shell, J55 Capital Corp. (FIVE: halted), will hold a meeting of shareholders on Monday in Vancouver to seek approval for the shell's qualifying transaction. For its QT, the shell is acquiring Aquilini GameCo Inc., a related party that is in the process of acquiring a Toronto e-sports company called Luminosity Gaming Inc. The shell will roll back 1 for 1.25, leaving it with 15.2 million shares issued, then issue a combined 312,488,743 shares to GameCo's and Luminosity's shareholders.

J55 Capital has another deal lined up. After closing its QT, it will acquire Enthusiast Gaming Holdings Inc. (EGLX: $1.48), a Toronto company that operates websites about video games. Enthusiast also organizes conferences about video games. In connection with this deal, J55 Capital will roll back 1 for 8, leaving it with 40,961,091 shares issued, then issue 26,899,269 shares to Enthusiast's shareholders and 2,777,777 shares to GameCo's debenture holders.

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

© 2020 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.