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 7.65 points to 781.72 Friday, but it ended the week down 25.05 points. Toby Pierce has filed final prospectuses to list two capital pool shells: Seaside Exploration Partners Corp. (SSX) and Angus Ventures Inc. (JAW). Each of Seaside and Angus is selling a $200,000 initial public offering of two million shares at 10 cents, through Haywood Securities Inc. Each shell also has two million escrowed shares, which it sold at five cents in January, 2017. Each shell plans to seek a qualifying transaction in the natural resource sector.

At Seaside Exploration, Mr. Pierce is the chief executive officer, a director and the largest escrow shareholder, with 1.4 million shares. At Angus Ventures, he is a director and the largest escrow shareholder, with one million shares, but he is not the CEO. Mr. Pierce was a well site geologist and was the lead oil and gas analyst at GMP Europe Securities LLP in London from 2010 to 2012. He now lives in Vancouver. In June, 2015, he became the CEO of TAG Oil Ltd. (TAO: $0.56), an oil and gas producer in New Zealand and Australia.

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