10:16:14 EDT Sun 25 Oct 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for April 20, 2020

2020-04-20 20:30 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 slipped a fraction to 444.76 Monday. Derek Lew's first capital pool shell, Caprice Business Development Canada Inc. (CAPB: halted), has completed its qualifying transaction, which was the acquisition of 1182533 B.C. Ltd., a mobile game developer. The shell, which had 5.5 million issued shares, issued another 184.95 million shares to its target's shareholders. 1182533 B.C. has one operating subsidiary, a six-year-old mobile game developer in Nanaimo called LDRLY (Technologies) Inc. Of the 184.95 million shares issued by the shell, 55.18 million went to LDRLY's former owner, East Side Games Inc., which now owns 25.87 per cent of Caprice Business Development. Tomorrow, Caprice will begin trading as a shell graduate called Leaf Mobile Inc. (LEAF).

LDRLY designs games, primarily marijuana-themed games, for cellphones and tablets. It has a collection of games called Bud Farm, in which players manage marijuana businesses, from farming to processing to baking and selling marijuana edibles. Among the Bud Farm games are Bud Farm: Quest for Buds and Bud Farm: Idle Tycoon. Like most mobile games, LDRLY's games are free to play, but players can make in-game purchases. LDRLY generates revenue from those purchases as well as in-game ad placements, but not quite enough to turn a profit. In the first nine months of 2019, LDRLY lost $43,871 on revenue of $5.04-million. It ended that period with a working capital deficit of $12,736 and no long-term debt. In connection with the QT, 1182533 B.C. sold a $3.49-million private placement at 16 cents, so now there is money for the business. The resulting issuer, Leaf Mobile, will use the private placement proceeds to develop and launch new games.

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.