00:23:57 EST Thu 21 Nov 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for Oct. 7, 2019

2019-10-07 21:39 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.69 points to close at 556.07 Monday. Dr. Len Brownlie's first capital pool shell, Discovery One Investment Corp. (DOIT: halted), plans to acquire Current Power & Gas Inc. for the shell's qualifying transaction. The shell, which has 20,064,350 shares issued, will issue 66.72 million shares to its target's shareholders.

Current Power was formed in 2014 in Texas, but it operates in Ohio. It provides electricity, natural gas, and wind and solar power to commercial and industrial customers. It is not yet profitable. At the end of 2018, it had a working capital deficit of $343,527 (U.S.). It does not expect profits (after tax) in 2019 or 2020. Nevertheless, the company plans to expand its business. It has applied to operate, starting next year, in Texas, Illinois, Pennsylvania, New York and New Jersey. In connection with its going public, Current Power must raise money by private placement to finance its infrastructure expansion. Details of the financing are not yet available.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.