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by Stockwatch Business Reporter

The TSX Venture Exchange fell 15.72 points to 599.51 Tuesday, reaching a 2-1/2-year low. Vancouver shell-making brothers Harry and Sonny Chew have listed their fifth capital pool shell, Unilock Capital Corp. (UUU: $0.20), with a $250,000 initial public offering at 10 cents. Today, the stock traded 1,000 shares at 20 cents. The Chews have a shell-making record of two successes and two failures for the IPO investors of their first four shells, as we last discussed in the Shell Summary for June 4, 2018. We consider a shell to have been a success for its IPO investors if they had sufficient opportunity to get out of their investment with a profit, reasonably soon after the shell closed its qualifying transaction. Unilock Capital plans to seek a mining or energy deal for its QT.

In May, the Chews listed a B.C. mining junior called Cyntar Ventures Inc. (CYN: $0.09) on the Canadian Securities Exchange. There was no IPO; Cyntar simply listed its 11 million already-issued shares. Cyntar has traded only once in the last three months. It is a public company.

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