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Shell Summary for Nov. 19, 2019

2019-11-19 20:20 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.45 points to close at 522.47 Tuesday. Peter Chen's first capital pool shell, Inceptus Capital Ltd. (ICI: suspended), plans to acquire Alpha K-9 Technologies Inc. for the shell's qualifying transaction. The shell, which has 4,747,500 shares issued, will issue at least 31.7 million shares to its target's shareholders. These Alpha shareholders will include the subscribers to a private placement that Alpha is now selling. It is raising $2.75-million at 25 cents.

Alpha was founded in Vancouver in January, 2017. It describes itself as a "canine wellness" company, by which it means that it formulates and sells dog food. There is one product available so far, Alpha Dog On!, a bag of soft-chew treats. Each bag costs $89.99 and contains about 60 treats, each weighing six grams (one M&M is about one gram). Alpha K-9 claims that its Alpha Dog On! treats are an anti-aging product. The treats supposedly help improve memory and other cognitive functions, increase antioxidants, and reduce inflammation.

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