05:43:35 EDT Fri 29 Mar 2024
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Shell Summary for Feb. 8, 2017

2017-02-08 20:02 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 1.61 points to 825.41 Wednesday. Dave Eto has filed a final 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. The final prospectus shows one change from the preliminary version: Doug Blakeway has replaced Rob Trenaman as a director.

Mr. Blakeway has been the chairman of Vancouver-based Nanotech Security Corp. (NTS: $1.25) since May, 1984, and its chief executive officer since June, 2009. He listed the company as CanCom Industries Inc. in July, 1986, on the Vancouver Stock Exchange, with a $320,000 IPO of 400,000 shares at 80 cents. At the time, the company's main product was a remote-controlled alarm system for truck trailers and containers. On its first day of trading, CanCom closed at $1.50, and by August, 1987, it had reached a peak of $2.75. Since then, the company has rolled back once (1 for 3.5 in July, 1990), reached a new peak of $3.70 (February, 1993) and has changed its name three times. Now, Nanotech bills itself as a developer of banknotes with anti-counterfeiting features. Its technology has other applications as well: Last year, the company produced admission tickets with special authentication features for the Euro 2016 football championship in France. Nanotech's Mr. Blakeway was also a director of Legend Power Systems Inc. (LPS: $0.30) from August, 2001, to February, 2013. Legend Power makes an electrical energy conservation device.

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