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Shell Summary
Symbol C : *MKTSHEL
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Shell Summary for July 12, 2017

2017-07-12 20:22 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange rallied 8.58 points to 758.48 Wednesday. Marc Sontrop and Aaron Salz have filed a preliminary prospectus to list their first capital pool shell, AIM1 Ventures Inc. The shell plans to sell a $350,000 to $500,000 initial public offering at 10 cents, through Haywood Securities Inc.

In March, 2017, AIM1 Ventures sold two million escrowed shares at five cents. Mr. Sontrop, 45, a chartered financial analyst, holds 400,000 escrowed shares. He has not yet been a public company director. He is the president and chief compliance officer of Interward Asset Management Ltd., an investment management company in Toronto. Before settling down and joining Interward Asset as a portfolio manager in 2006, Mr. Sontrop was an equity research analyst with BMO Capital Markets for a year and an associate director at Scotia Capital for more than three years.

Last month, AIM1 Ventures sold 3.2 million shares at the non-discounted price of 10 cents. Of these shares, 1.7 million will remain in escrow, along with the five-cent seed shares. Interward Asset controls these 1.7 million escrowed shares of the shell, through Interward Capital Corp. and Rockhaven Holdings Ltd. Mr. Sontrop is a director of both Interward Capital and Rockhaven Holdings. The Interward Asset group was founded by Kim Ward, a former pilot. He is a son of Max Ward, the founder of charter airline Wardair Canada Ltd.

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