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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 7.14 points to 698.60 Friday, but it ended the week down 7.09 points. Ivan Spector has listed his first capital pool shell, Meteorite Capital Inc. (MTR: $0.15), with a $750,000 initial public offering at 15 cents. Its IPO agent was Leede Jones Gable Inc. The stock began trading today, reaching an intraday high of 25 cents before closing at 15 cents on 8,400 shares.

Mr. Spector, 61, is the president of Sentinel Alarm Co., a security and surveillance company in Montreal. He founded Sentinel in 1981. Meteorite Capital is his first public company directorship. Joining him on the shell's board are three more directors: his brother Charles Spector, Mitchell Greenspoon and Richard Yanofsky. Charles, 60, is a partner at Dentons Canada LLP in Montreal. In the 2000s, he was a director of Mitec Telecom Inc. and an exchange-traded fund called Montrusco Bolton Income and Growth Fund.

The next shell director, Mr. Greenspoon, is the president of GI Sportz Inc., a Montreal company that manufactures paintballs and paintball-related products (such as goggles, elbow and knee pads, and harnesses). Before joining GI Sportz in 2011, he worked at the Macquarie Group for 13 years in positions including head of Quebec investment banking.

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