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Shell Summary for July 10, 2019

2019-07-10 20:01 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange gained a fraction to close at 585.85 Wednesday. David Eto has filed a preliminary prospectus to list his second capital pool shell, Hakken Capital Corp. It plans to sell a $400,000 initial public offering at 10 cents through Haywood Securities Inc.

Mr. Eto, 56, lives in New Westminster, B.C., and has been working in the food industry for about 30 years. He began as a quality assurance manager at a bakery. He later spent six years with Premium Brands Holdings Corp. (PBH: $93.46), first as the general manager for its Bread Garden brand of baked goods and eventually as the director of corporate affairs. From 2012 to 2016, Mr. Eto was the chief executive officer of the B.C. Dairy Association. From December, 2016, to December, 2017, he was the CEO of Naturally Splendid Enterprises Ltd. (NSP: $0.135), a maker of hemp-based food products. These days, Mr. Eto sits on the boards of two non-profit organizations: the B.C. Food Processors Association and the Canadian Centre for Food Integrity.

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