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Shell Summary for Aug. 2, 2018

2018-08-02 20:51 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 700.93 Thursday. Zachary Stadnyk has listed his first capital pool shell, DC Acquisition Corp. (DCA: $0.15), with a $2.5-million initial public offering at 10 cents. Its IPO agent was Canaccord Genuity Corp. There were seven trades today, all at 15 cents, for a total of 59,100 shares.

Mr. Stadnyk, 26, was the investor relations man for The Supreme Cannabis Company Inc. (FIRE: $1.43) from 2014 until some time in the last three months. His father, David Stadnyk, was Supreme's president and chief executive officer from 2013 to 2014. These days, Mr. Stadnyk Sr. appears to be focusing more on his company called Stadnyk & Partners Inc. This firm was hired in June for IR services by Preveceutical Medical Inc. (PREV: $0.04), which recently formed a medical marijuana division. Mr. Stadnyk Sr. is neither a director nor an officer of his son's capital pool shell, but he holds 600,000 escrow shares. As for Mr. Stadnyk Jr., he is the shell's CEO, promoter and largest escrow shareholder with 1.2 million escrow shares. DC Acquisition has 10 million escrow shares issued.

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