08:50:57 EDT Thu 28 Mar 2024
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Shell Summary for July 19, 2017

2017-07-19 21:24 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained 2.24 points to 765.95 Wednesday. Alfredo De Lucrezia's capital pool shell, Califfi Capital Corp. (CFI), listed at the open today. Immediately the stock was halted, pending closing of the shell's $500,000 initial public offering at 10 cents. Its IPO agent is PI Financial Corp.

Califfi is the second shell founded by Mr. De Lucrezia, the owner of a commercial painting company in North Vancouver. His first shell, Manera Capital Corp., launched a British Columbia gold explorer, GT Gold Corp. (GTT: $0.35), in November, 2016. Manera's IPO shareholders, who paid 10 cents a share, continue to have the opportunity to get out of their investment with a profit. Mr. De Lucrezia's fellow directors at Califfi are Maurizio Grande, Gordon Kettleson and John Pallot. Mr. Grande and Mr. Kettleson were both directors of Manera. Mr. Grande owns a supplier of construction materials (such as marble, granite and limestone). Mr. Kettleson is the chief executive officer of a private Canadian oil and gas explorer, Interwest Enterprises Ltd. The final Califfi director, Mr. Pallot, is a director of GT Gold as well as Klondike Gold Corp. (KG: $0.335), a Yukon gold explorer.

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