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by Stockwatch Business Reporter

The TSX Venture Exchange climbed 11.40 points to 773.77 Tuesday. Dave Eto has filed a preliminary prospectus to list his first capital pool shell, Kanzen Capital Corp. The shell is selling a $600,000 initial public offering of four million shares at 15 cents, through Haywood Securities Inc.

Kanzen Capital also has 1.5 million escrowed shares, which it sold at 7.5 cents in October, 2016. Shell-maker Mr. Eto holds 480,000 of the escrowed shares. Mr. Eto, 54, is a former president and chairman of the British Columbia Food Processors Association. He is also a former general manager of Creekside Custom Foods Inc., a private wholesale bakery in Vancouver that sold its products under the brand name Bread Garden. In December, 2006, Creekside was acquired for about $4-million by a Toronto Stock Exchange-listed food products company, Premium Brands Income Fund, now called Premium Brands Holdings Corp. (PBH: $67.26). Mr. Eto then joined Premium Brands as general manager for Bread Garden. Three years later, in December, 2009, he became Premium Brands' manager of corporate affairs, remaining in this position until June, 2012. Then from July, 2012, to December, 2016, Mr. Eto served as the chief executive officer of the B.C. Dairy Association. As well, from August, 2015, to December, 2016, he was an adviser to a shell graduate, hemp products manufacturer Naturally Splendid Enterprises Ltd. (NSP: $0.33). Last month, Mr. Eto took over as the CEO of Naturally Splendid from its founder, Craig Goodwin. Mr. Goodwin remains the company's president and a director. Naturally Splendid went public in March, 2013, through Peter Hughes's capital pool shell, Race Capital Corp.

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