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by Stockwatch Business Reporter

The TSX Venture Exchange rose 7.09 points to 499.52 Friday, ending the week up 15.85 points but the month down 26.14 points. John Varghese has filed a final prospectus to list his first capital pool shell, Nobelium Tech Corp. So far in 2016, two capital pool shells have listed on the TSX-V, the same number by this time last year. Richardson GMP Ltd. is selling the shell's $350,000 initial public offering of 3.5 million shares at 10 cents. Nobelium, which shares its name with the synthetic element named after Alfred Nobel, will probably look to the technology sector for its qualifying transaction.

Nobelium also has 9,275,000 escrowed shares, which it sold between February and July, 2015, at five cents each. Among Nobelium's seed shareholders are its three directors: chairman Mr. Varghese with one million escrowed shares, Erroll Treslan with one million and Glen Lavigne with one million. Mr. Varghese, 50, has been a director of about a dozen industrial and technology issuers since the late 1990s. He was the chairman of wind and hydro power supplier Sprott Power Corp., now a part of Capstone Infrastructure Corp. (CSE: $4.82). He is also a former chairman of Bay Street brokerage firm Orion Securities Inc., now a part of the Macquarie Group. Currently, Mr. Varghese is on the board of only one public company, Pinetree Capital Ltd. (PNP: $0.03), but he is also the chairman of Francium Corp., a private digital marketing agency in Toronto. The second Nobelium Tech director, Mr. Treslan, 47, is a lawyer with Kirby Robinson Treslan Professional Corp. in Owen Sound, Ont. The third, Mr. Lavigne, 53, is the president of SolutionInc Technologies Ltd. (STL), a former Internet service provider. Mr. Lavigne became SolutionInc's president in November, 2002, when the company's stock traded around 45 cents. Under Mr. Lavigne's watch, the share price just fell. Fast-forward eight years: In December, 2010, SolutionInc rolled back 1 for 10, then in August, 2011, it was suspended for failing to file its financial statements. SolutionInc has been downgraded to the NEX and is still suspended. It last closed at four cents. Mr. Lavigne lives in Nova Scotia, where Nobelium Tech's head office is.

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