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by Stockwatch Business Reporter

The TSX Venture Exchange gained 1.73 points to 729.64 Monday. Wade Dawe and Daniel Whittaker's capital pool shell, Northwest Arm Capital Inc. (NWA), today began trading as a shell graduate. It reached an intraday high of 70 cents before closing at 59 cents on 313,600 shares. For its qualifying transaction, Northwest Arm acquired a Newfoundland gold property option from Altius Resources Inc., a subsidiary of Altius Minerals Corp. (ALS: $11.36). The shell, which had 11.4 million issued shares, issued 4.5 million shares to Altius Resources. Altius Resources is now the largest shareholder of Northwest Arm, with 4.5 million shares or 19.95 per cent. Northwest Arm Capital plans to change its name to Antler Gold Inc.

Northwest Arm listed in September, 2016, with a $300,000 initial public offering of shares at 10 cents. Its IPO shareholders are probably pleased with how quickly their shell completed a QT; shells usually take two years to accomplish this. The IPO shareholders must also be happy about today's trading activity, since they could have sold at a profit of up to 600 per cent. If this share price performance continues, then we can consider Northwest Arm to have been a success for its IPO shareholders. We last discussed Northwest Arm's QT, as well as the shell-making tandem of Mr. Dawe and Mr. Whittaker, in the Shell Summary for Nov. 8, 2016. The two shell-makers are remaining on the board of the resulting issuer.

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