23:30:58 EDT Mon 06 Jul 2020
Enter Symbol
or Name

Login ID:

Shell Summary for Oct. 1, 2019

2019-10-01 21:15 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 lost 3.77 points to close at 554.91 Tuesday. Mihalis (Mike) Belantis's second capital pool shell, Rebel Capital 2.0 Corp. (RBZ: halted), plans to acquire a pharmaceutical start-up called Alzex Biomedical Inc. for the shell's qualifying transaction. The shell will roll back 1 for 2, leaving it with 2,006,664 shares issued, then issue 35,919,199 shares to its target's shareholders.

Alzex Biomedical is working on treatments for Alzheimer's disease. It is developing two potential drugs in partnership with a French pharmaceutical researcher called VFP Therapies. So far, VFP has tested the two potential treatments in animals. VFP has a research lab in Rouen, France. Its partner, Alzex, explains that one of the goals of the partnership is to develop drugs with fewer side effects than existing treatments have. Basically, Alzex and VFP's drugs are designed to start working only after they cross the blood-brain barrier, not before. To raise money for their research, Alzex plans to sell a $2.5-million private placement at 25 cents.

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.