07:12:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Shell Summary for June 6, 2016

2016-06-06 21:03 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 rose 8.87 points to 702.59 Monday. It has surpassed 700 points for the first time since May, 2015, and is still climbing out of its all-time low of 473.74 points, which it hit in January, 2016.

Brad Docherty and Eli Abergel's suspended capital pool shell, Exito Energy II Inc. (EXI), plans to acquire four private equity interests for its qualifying transaction. All four interests are held by Andrew Osis and Kevin Spall. Exito Energy II will roll back 1 for 2, leaving it with five million postconsolidated shares issued, then issue a total of 40.4 million postconsolidated shares to Mr. Osis and Mr. Spall.

In April, Exito said it was going to acquire Magnetic North Partners Inc., a Calgary investment company with two managing partners, Mr. Osis and Mr. Spall. Now, the shell has revised its QT plan and will instead acquire four specific investments directly from the two partners. Exito's target investments are the following: a 15-per-cent interest in a maker of disinfectant and cleaning products; a 1.2-per-cent interest in a company that maintains communications infrastructure; a 40-per-cent interest in an energy storage technology company; and a 25-per-cent interest in a media production and distribution company. Exito does not name the four investee companies, but it might consider changing its own name to Mishmash Holdings.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 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.


Comments for this item are closed