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Shell Summary for Dec. 3, 2019

2019-12-03 21:39 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange rose 5.01 points to 538.32 Tuesday. Emprise Capital Corp.'s second capital pool shell, ECC Ventures 1 Corp. (EONE: halted), has submitted a filing statement for its qualifying transaction, which is the acquisition of an Israeli robotics firm called A2Z Advanced Solutions Ltd. The shell will roll back 1 for 1.4, leaving it with 4,035,714 shares issued, then issue 41,784,418 shares to its target's shareholders.

A2Z was founded in 1998. It sells remote-controlled robots and unmanned vehicles that are designed for military purposes. Specifically, its robots can defuse bombs, extinguish fires, and carry out bulldozing in toxic or hazardous environments. The company also has a portable electrical power generator that is also designed for military use. Besides selling these products, A2Z provides maintenance services for military equipment, including electronic equipment. A2Z boasts of having provided its products and services to the Israel Defence Forces, the Israel Police, Israel's Ministry of Defence, Israel Military Industries Ltd., Israel Aerospace Industries Ltd., Israel Railways Corp. Ltd. and Israel Electric Corp.

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