07:44:53 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Shell Summary for June 11, 2018

2018-06-11 20:28 ET - Market Summary

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 lost 6.20 points to 769.02 Monday. Two capital pool shells began trading today. One of them is Bryan Bayley and Murray Sinclair's 26th capital pool shell, Quendale Capital Corp. (QOC), which opened at 30 cents and closed at 34 cents on 52,300 shares. Quendale sold a $202,500 initial public offering at 15 cents through Haywood Securities Inc. The other new shell is Katharine De Witt's first shell, Magnitude Mining Ltd. (MML), which opened and closed at 30 cents on 40,300 shares. Magnitude sold a $200,000 IPO at 10 cents through Canaccord Genuity Corp. Ms. De Witt, 29, is a lawyer and a daughter of David De Witt, the chairman of Sandstorm Gold Ltd. (SSL: $5.74). Her shell plans to seek a mining deal for its qualifying transaction.

Two shell graduates also began trading today. They are both marijuana producers in Ontario. One of them, James E. Wagner Cultivation Corp. (JWCA), reached an intraday high of $1.37 before closing at $1.15 on 1.19 million shares. The company was founded by siblings Nathan Woodworth, Laura (Woodworth) Foster and Adam Woodworth, who named the company after their late grandfather. James E. Wagner Cultivation went public through Marc Sontrop's first capital pool shell, Aim1 Ventures Inc. Mr. Sontrop is the president of Interward Asset Management Ltd., an investment company in Toronto. He listed Aim1 in September with a $427,650 IPO at 10 cents. In connection with its QT, Aim1 rolled back 1 for 4.8475, so its IPO shareholders need about 48.5 cents to break even. They are doing well so far. Mr. Sontrop is not joining James E. Wagner Cultivation.

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

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed