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by Stockwatch Business Reporter

The TSX Venture Exchange inched up a fraction to 622.33 Wednesday. Two shells have closed their respective shell deals. Their resulting issuers will begin trading tomorrow. First, there is Wade Dawe's third capital pool shell, Duckworth Capital Corp. (DUKE: halted), which is launching a Montreal mining software company, Goldspot Discoveries Corp. (SPOT). Second, there is Hugh Notman's NEX shell, SMC Ventures Inc. (SMV: halted), which is launching a Portland, Ore., cryptocurrency mining company, Blockmint Technologies Inc. (BKMT).

Mr. Dawe closed a uranium mining deal and a gold mining deal for his first two capital pool shells. As we discussed in the Shell Summary for April 13, 2018, those two shells were both successes for their initial public offering shareholders. We consider a capital pool shell to have been a success for its IPO shareholders if they had sufficient opportunity to get out of their investment with a profit, reasonably soon after the shell closed its qualifying transaction. Mr. Dawe listed Duckworth Capital in August, 2017, with a $400,000 IPO at 10 cents. In connection with its QT, Duckworth rolled back 1 for 2, so its IPO investors need 20 cents to break even. In September, 2018, Mr. Dawe listed his fourth capital pool shell, Battery Road Capital Corp. (BTRY: $0.105), with a $400,000 IPO at 10 cents. It has yet to announce a QT plan.

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