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by Stockwatch Business Reporter

The TSX Venture Exchange gained 4.82 points to 632.59 Monday. Giuseppe (Pino) Perone has listed his first capital pool shell, PLB Capital Corp. (PLB), with a $200,000 initial public offering at 10 cents. Its IPO agent was Haywood Securities Inc. Not unusually for a shell, PLB Capital did not trade today.

Mr. Perone is a lawyer in Vancouver. He is the secretary and general counsel for TAG Oil Ltd. (TAO: $0.355), an oil and gas producer in New Zealand and Australia. He is also the chief executive officer of an NEX shell, Coronado Resources Ltd. (CRD: halted), a former Montana copper-gold explorer that went out of favour among investors and is now working on a cryptocurrency deal. We discussed the deal in the Shell Summary for Oct. 16, 2018. As for Mr. Perone's capital pool shell, PLB Capital, he intends to seek a qualifying transaction in the natural resource sector, perhaps to the relief of shell investors who want nothing to do with cryptocurrency deals.

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