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by Stockwatch Business Reporter
The TSX Venture Exchange lost 1.77 points to 827.28 Wednesday. Paul Kelly's halted Corporate Catalyst Acquisition Inc. (CII: $0.20) is planning to acquire Anthony Lacavera's Globalive Technology Partners Inc. as its qualifying transaction. Globalive is a Toronto technology company that says it enters joint ventures with other companies to co-develop software applications using artificial intelligence, the Internet of things and blockchain technology. Corporate Catalyst plans to issue 140 million shares to the shareholders of Globalive, but first the target will need to sell $30-million worth of subscription receipts at $1.Mr. Lacavera is a capable money raiser. In 2008, he founded Wind Mobile, which he later sold to Shaw Communications Inc. (SJR: $24.34) for $1.3-billion (U.S.). Now, Mr. Lacavera runs an investment company, Globalive Capital Inc. He started Globalive Technology Partners this year to take advantage of the blockchain excitement.
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