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Shell Summary for June 3, 2019

2019-06-03 21:27 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell 6.83 points to 594.72 Monday. Mihalis (Mike) Belantis's first capital pool shell, Rebel Capital Inc. (RBL: halted), has arranged a real estate deal for its qualifying transaction. It is acquiring a 7.65-acre property in Pittsburgh for $32-million (U.S.) from Chief Commercial Construction LP. In the shell's news release, it says the property includes a 43,800-square-foot office (three storeys) connected to a 91,790-square-foot data centre.

The shell provides no more details, but according to county records, Chief Commercial Construction owns a 7.674-acre property at 4920 Campbells Run Rd., Pittsburgh, Pa., and the property includes a three-storey office with an elevator. Chief Commercial bought the property in 1997. As for the data centre, according to county records, there is a data processing and storage facility at 4920 Campbells Run Rd. The facility is operated by Affiliated Computer Services Inc., also known as ACS Outsourcing Solutions Inc., an information technology services firm and a subsidiary of Xerox Business Services LLC. We should find out whether Chief Commercial makes money from its tenants at 4920 Campbells Run Rd. when the shell submits its QT filing statement.

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