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by Stockwatch Business Reporter
The TSX Venture Exchange rose 7.40 points to 790.31 Monday. Scott Gibson has listed his second capital pool shell, Collingwood Resources Corp. (COLL), following a $430,000 initial public offering at 10 cents through Haywood Securities Inc. The stock has yet to trade. Mr. Gibson runs an investment company, Kitco Gibson Capital Corp., with Kitco Metals Inc. He also has two IR companies, Beneath the Surface Capital, which publishes stock recommendations on Kitco, and Sterling Marketing Corp. Sterling Marketing hosts a quarterly resource conference, the Metals Investor Forum, in Vancouver. The next show will take place from May 25 to May 26 at the Rosewood Hotel Georgia. Newsletter writers John Kaiser and Jay Taylor will both be presenting.
Mr. Gibson listed his first shell, Westham Resources Corp., in September, 2012, at 10 cents. By July, 2014, Westham had completed a qualifying transaction, launching Athabascan uranium explorer Roughrider Exploration Ltd. (REL: $0.03). Roughrider peaked at 30 cents in its first week of trading, and it spent the next year over 10 cents. IPO shareholders were able to sell at a small profit, so we consider Westham to have been a success. Mr. Gibson is still the CEO of Roughrider, where he receives $155,000 a year. It continues exploring for uranium in Saskatchewan, and last fall it staked some gold properties near Houston, B.C.
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