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 gained 5.29 points to 673.17 Thursday. Arif Shivji has listed his second capital pool shell, Hoist Capital Corp. (HTE: $0.10), with a $400,000 initial public offering at 10 cents. Its IPO agent was Canaccord Genuity Corp. Hoist did not trade today.

Mr. Shivji, 41, is an accountant in Victoria. He runs a mortgage lending firm called Mortgage 786 Finance Corp. He has been the chief financial officer of several oil and gas companies, including Predator Midstream Ltd., a private crude-by-rail transloader that was acquired by Secure Energy Services Inc. (SES: $8.24) in 2014. Currently, Mr. Shivji is the controller of Fireweed Energy Ltd., a B.C. Montney oil and gas explorer that plans to go public with a $40-million IPO. It has not yet set the IPO price. Since May, Fireweed has sold $2.06-million worth of shares at $4.

Mr. Shivji listed his first capital pool shell, Predator Blockchain Capital Corp. (PRED: $0.165), in March. It sold a $400,000 IPO at 10 cents through Haywood Securities Inc. Predator Blockchain explains in its IPO prospectus that although its name contains the word "blockchain," this does not mean that it will close a blockchain deal for its qualifying transaction. This is an understandable caveat, an attempt to distance the shell from the blockchain buzzword, which is no longer as effective in enthralling investors as it was in late 2017.

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