10:13:39 EST Mon 19 Nov 2018
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Shell Summary
Symbol C : *MKTSHEL
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Shell Summary for Nov. 5, 2018

2018-11-05 21:24 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained 8.01 points to 659.36 Monday. Katharine De Witt's first capital pool shell, Magnitude Mining Ltd. (MML: halted), has arranged a potential qualifying transaction. If shareholders were hoping for a mining deal from Ms. De Witt, daughter of long-time mining promoter David De Witt, then they would have been disappointed. The Magnitude shell plans to acquire PesoRama Inc., an aspiring "dollar store" chain operator in Mexico. PesoRama, which was formed here in Canada in October, 2017, says it will open its first store in or near Mexico City, though it says not when.

Ms. De Witt, 29, graduated from law school in London, England, in 2015. She has since returned to Vancouver and is the vice-president of corporate development at Pathway Capital Ltd., a metals and mining investment company founded by her father and another mining promoter, Marcel de Groot. Her father is neither a director nor an escrow shareholder of her shell, but Mr. de Groot is both.

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