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Shell Summary for Nov. 13, 2019

2019-11-13 21:47 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange fell 5.69 points to 530.63 Wednesday. Patrick Langlois's first capital pool shell, Angus Ventures Inc. (GUS), has closed its qualifying transaction: It has acquired the Slate Bay copper-gold-silver property near Red Lake, Ont., from Canstar Resources Inc. (ROX: $0.03) and Luxor Exploration Inc. The shell issued 70,000 shares to Canstar and paid $30,000 to each of Canstar and Luxor. Now, Angus Ventures is a shell graduate. It did not change its name in connection with the QT. Since closing the QT, its stock has not yet traded.

Canstar and Luxor drilled 14 holes at Slate Bay between 2002 and 2008. Canstar has also worked at a handful of other properties in Canada. Since listing in 2005, its stock has not traded above 33 cents. It rolled back 1 for 5 last year.

Angus is keeping all three of its directors. Among them is Dennis Peterson, a lawyer in Toronto. He is the chairman of the three-center Canstar. He has been a director or officer of about a dozen public mining companies, including a former Ontario gold explorer called Probe Mines Ltd.

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