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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 3.7 points to 625.42 Thursday. Ron Ho's first capital pool shell, Spada Gold Ltd. (SPL: $0.10), listed on the TSX-V today. Canaccord Genuity Corp. sold the shell's $200,000 initial public offering of two million shares at 10 cents. Mr. Ho, an accountant, is the vice-president of finance for gold mining financier Sandstorm Gold Ltd. (SSL: $4.90). He is also a director of Americas Petrogas Inc. (BOE: $0.22), an Argentine oil producer and Peruvian phosphate explorer. Spada Gold plans to seek a mining deal for its qualifying transaction. We discussed Mr. Ho's fellow Spada directors and escrow shareholders in the Shell Summary for Dec. 17, 2015.

Ted Geier and Karen Stewart have filed a preliminary prospectus to list their capital pool shell, Trusted Brand 2016 Inc. The shell is a first for either of them. Trusted Brand is selling a $500,000 to $4.2-million IPO of two million to 16.8 million shares at 25 cents, through Calgary broker Emerging Equities Inc.

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