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Shell Summary for June 5, 2020

2020-06-05 21:34 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell 5.50 points to 556.91 Friday, but it ended the week up 3.14 points. Vancouver brothers Darren and Jeff Tindale have listed their first capital pool shell, Whatcom Capital Corp. (WHAT), with a $375,000 initial public offering at 10 cents. The IPO agent was Industrial Alliance Securities Inc. The shell also sold a concurrent $375,000 non-brokered private placement at 10 cents. Not unusually for a shell, Whatcom's stock did not trade today.

Darren Tindale, 48, is an accountant. He has been an officer or director of at least eight public companies, currently one: Body and Mind Inc. (BAMM: $0.46), a U.S. marijuana grower, of which he is the secretary. Jeff Tindale, 49, is an investor relations man. He has been a director or officer of at least 10 public companies, including Cliffmont Resources Ltd. (CMO: $0.07), of which he has been the president and chief executive officer since 2010. Cliffmont traded up to $1.39 in 2012, thanks to a Colombian gold-silver property. It has since lost that property (it could not make its payments), and so its listing has been demoted to the NEX. Cliffmont had a working capital deficit of $589,500 on March 31, 2020.

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