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by Stockwatch Business Reporter

The TSX Venture Exchange fell 8.71 points to 641.82 Wednesday. Ken DeWyn has filed a final prospectus to list his third capital pool shell, Chainode Opportunities Corp., with a $300,000 initial public offering at 10 cents. Its IPO agent is Canaccord Genuity Corp.

Chainode sold six million escrow shares at five cents in July. Mr. DeWyn, 54, bought 5.4 million of them. He has been a director of about half a dozen shells (not counting his own) since the late 1990s, including two bird-themed capital pool shells, Pheasantback Resources Inc. and Quail Ridge Capital Corp., both founded by Calgary resource promoter Robert Weir. Also among Mr. DeWyn's shell directorships was Al Kroontje's capital pool shell, Kierland Capital Corp., which listed at 10 cents in 2008. Kierland closed its qualifying transaction in 2010 by launching a Calgary oil field services company, Gasfrac Energy Services Inc., which the following year traded up to a marvellous $14.62. Gasfrac gave Kierland's IPO shareholders four years to get out of their investment with more than a satisfying profit. It eventually delisted, however, failing to survive the oil price crash in late 2014.

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