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Shell Summary for June 7, 2018

2018-06-07 20:32 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained a fraction to close at 775.57 Thursday. Eva Nakano has filed a preliminary prospectus to list her first capital pool shell, Kismet Resources Corp. The shell plans to sell a $200,000 initial public offering at 10 cents through Haywood Securities Inc. Ms. Nakano, 37, is a geoscientist in Vancouver. She is the corporate development consultant to Vince Sorace's B.C. copper-zinc explorer, Kutcho Copper Corp. (KC: $0.55), and to Mr. Sorace's Bulgarian copper-gold explorer, Black Sea Copper & Gold Corp. (BLS: $0.08). Previously, from 2010 to 2014, Ms. Nakano was among the technical employees at Clive Johnson's B2Gold Corp. (BTO: $3.48), which produces gold in Mali, Namibia, the Philippines and Nicaragua.

At Kismet, Ms. Nakano is the chief executive officer, the chief financial officer, the secretary and a director, a list of jobs that would sometimes include chief cook and bottle-washer. Ms. Nakano holds 700,000 of the shell's two million escrowed shares. (Kismet sold its escrowed shares at five cents in April.) Joining her on the shell's board are two more directors: Shervin Teymouri and David Hladky. Mr. Teymouri, 36, is a mining engineer in Vancouver and the founder of Mineit Consulting Inc. He is also a director of Christopher Anderson's B.C. gold-silver junior, Ximen Mining Corp. (XIM: $0.17), and of Brenda Clark's B.C. and Newfoundland explorer, Freeport Resources Inc. (FRI: $0.06). Mr. Teymouri is an adjunct professor of mining engineering at the University of British Columbia. He holds 700,000 escrowed shares of Kismet.

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