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by Stockwatch Business Reporter
The TSX Venture Exchange lost 4.60 points to 709.41 Thursday. Ted Geier and Karen Stewart have filed a final prospectus to list their first capital pool shell, Trusted Brand 2016 Inc. The shell is selling a $500,000 to $4.2-million initial public offering of two million to 16.8 million shares at 25 cents, through Calgary broker Emerging Equities Inc.
Mr. Geier is the shell's vice-president of business development and the largest escrow shareholder, with one million of Trusted Brand's 1.68 million escrowed shares. Mr. Geier is also the president of Humfrey Industrial Repairs (1961) Ltd., a machine service company in Calgary. His shell-making partner, Ms. Stewart, is the chief executive officer of Trusted Brand. She holds 80,000 escrowed shares. She is the founder and CEO of Fairway Divorce Solutions Ltd., a divorce advisory firm with nine offices across Canada. We discussed the rest of Trusted Brand's escrow shareholders and directors in the Shell Summary for April 14, 2016.
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