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by Stockwatch Business Reporter
The TSX Venture Exchange gained 1.46 points to 793.14 Thursday. Calgary accountant Gregory Smith has filed a preliminary prospectus to list his first capital pool shell, CanadaBis Capital Inc. The shell is selling a $250,000 to $500,000 initial public offering of 2.5 million to five million shares at 10 cents. Its IPO agent is Richardson GMP Ltd.
Mr. Smith, 69, is the shell's president and chief financial officer, as well as a director. Since 2005, he has been offering financial and management consulting services through his Oakridge Financial
Management Inc. Since 1992, he has been the CFO of Maglin Site Furniture Inc., a manufacturer of outdoor furniture
such as benches, tables, bike racks, planters and trash bins. Mr. Smith is also a director of Rohde & Liesenfeld Canada
Inc., an international freight forwarding company.
Since 1986, Mr. Smith has sat on the board of Arizona gold explorer Kerr Mines Inc. (KER: $0.135). In 1997, he became a director of Toronto Stock Exchange-listed Ghanaian gold explorer Golden Rule Resources Ltd. He remained on Golden Rule's board until 2008, by which time the company had moved to the CNQ and remade itself into a mining investment issuer called CDG Investments Inc. From 2000 to 2008, Mr. Smith was also a director of CDG Investments' most significant holding, a TSX-V-listed Mexican copper-gold explorer called Tyler Resources Inc. As well, from 2001 to 2008, he was a director of Okalla Corp., a TSX-V-listed provider of website hosting and on-line billing services. In 2008, Okalla changed its business to selling sports apparel and renamed itself SportsClick Inc. A year later, SportsClick went bankrupt, and Mr. Smith resigned. Since 2010, he has been a director of Falcon Oil &
Gas Ltd. (FO: $0.10), which has properties in Australia, South Africa and Hungary.
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