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Shell Summary for March 22, 2017

2017-03-22 20:17 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 3.44 points to 800.92 Wednesday. Toby Pierce and Adam Cegielski have filed a preliminary prospectus to list their second capital pool shell, Seaside Exploration Partners Corp. The Seaside shell is selling a $200,000 initial public offering of shares at 10 cents, through Haywood Securities Inc.

Seaside has two million escrowed shares, which it sold at five cents in January, 2017. Mr. Pierce holds 1.4 million of them, and Mr. Cegielski holds 200,000. Mr. Pierce, 44, is an oil and gas consultant in Vancouver. From January, 2010, to February, 2012, he was the lead oil and gas analyst at GMP Europe Securities LLP in London. In June, 2015, he became the chief executive officer of TAG Oil Ltd. (TAO: $0.60), an oil and gas producer in New Zealand and Australia. Currently, he is also a director of pink sheets listing Chelsea Oil & Gas Ltd. (COGLF: $0.006 (U.S.)) and TSX-V-listed Nunavut diamond explorer Crystal Exploration Inc. (CEI: $0.10).

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