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by Stockwatch Business Reporter
The TSX Venture Exchange lost 3.88 points to 821.18 Tuesday. Kevin Baker has filed a preliminary prospectus to list his first capital pool shell, Tailwind Capital Corp. The shell plans to sell a $200,000 initial public offering at 10 cents, through PI Financial Corp.
Tailwind has six million escrowed shares, which it sold at five cents in March, 2017. Mr. Baker, 69, a Calgary lawyer, holds two million escrowed shares. He is the president of ConleyMax Inc., a supplier of water heaters, air heaters, ground thawing equipment and grain drying equipment. He is also the president of Baycor Capital Inc., which calls itself a merchant bank. Previously, Mr. Baker was the president of Loncor Resources Inc. (LN: $0.10), a gold explorer in the undemocratic Democratic Republic of the Congo. While he was at Loncor, the stock peaked at $3.75 in 2011. Mr. Baker was also the president of Northern Spirit Resources Inc., an Alberta oil and gas junior that peaked at 15 cents while he was with the company. Northern Spirit has since changed its name to Altura Energy Inc. (ATU: $0.36). These days, besides being the president of ConleyMax, Baycor and Tailwind, the busy Mr. Baker is also a director of Calfrac Well Services Ltd. (CFW: $6.42) and an Alberta oil and gas explorer called Point Loma Resources Ltd. (PLX: $0.24).
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