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Shell Summary for Sept. 13, 2019

2019-09-13 20:33 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed unchanged at 589.16 Friday, ending the week up 0.65 point. Alfredo De Lucrezia has filed a preliminary prospectus to list his third capital pool shell, Vincero Capital Corp. It plans to sell a $500,000 initial public offering at 10 cents through PI Financial Corp.

Mr. De Lucrezia, 52, was an investor relations man for resource juniors in the 1990s and early 2000s. He has been a director of about a dozen public mining and energy companies, the last one being an oil and gas explorer, Trivello Ventures Inc., from which he resigned in 2006. For 21 years to January, 2019, Mr. De Lucrezia owned and managed a commercial and luxury residential painting business in North Vancouver. These days, besides tending to his capital pool shells, he manages Delrizia Investments Ltd., which he describes in Vincero Capital's prospectus as a real estate portfolio manager. Delrizia, however, appears to be more of an interior decorating contractor, based on its descriptions in the Yellow Pages and other directories.

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