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Shell Summary for June 30, 2017

2017-06-30 20:37 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange rose 4.34 points to 766.74 Friday, but it ended the month down 33.16 points. Vincent Gasparro has filed a preliminary prospectus to list his first capital pool shell Apolo Acquisition Corp. The shell plans to sell a $375,000 to $500,000 initial public offering at 10 cents, through Richardson GMP Ltd.

Apolo, which in print looks like a misspelled Apollo, has 3.4 million escrowed shares, which it sold at five cents between May 18 and June 23. Mr. Gasparro, 38, holds 500,000 of the escrowed shares. He is the chief cook and bottle washer at Apolo, specifically the chief executive officer, the chief financial officer and a director. He seems to be a career-oriented climber, having spent one year at each of the Office of the Prime Minister and the Office of the Minister of Veterans Affairs in the early 2000s. In 2004, charity work called, and he buffed up his resume by founding Project Engagement, a volunteer group that gives food and household necessities to poor people in Toronto. (It still operates.) In 2010, Mr. Gasparro answered another fashionable calling that required his attention: He founded the Green Tomorrow Fund, a renewable energy investment fund. According to Corporations Canada, the fund dissolved in October, 2013, though Mr. Gasparro says he was managing director for another four years until May, 2017. His resume is somewhat improved by those extra four years, or he would appear to have been overly jumping around. Whatever he was doing for the period between 2013 and 2017, he was not a director of any publicly traded company. As with many poverty warriors, the urge to do good has stayed with Mr. Gasparro. He sits on the board of Toronto Community Housing.

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