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Shell Summary for Nov. 29, 2019

2019-11-29 20:46 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange slipped a fraction to 531.68 Friday, ending the month down 6.69 points. Jamie Levy and Kerry Knoll have filed a preliminary prospectus to list their first capital pool shell together, Moon River Capital Ltd. The shell plans to sell a $260,000 initial public offering at 10 cents through Canaccord Genuity Corp.

In August and September, Moon River Capital sold 8.8 million escrow shares at the typically discounted five cents. Mr. Levy and Mr. Knoll each bought two million escrow shares. The shell's third director, Ian McDonald, also bought two million escrow shares.

Mr. Levy, 49, is the shell's chief executive officer and chief financial officer. He lives in Toronto. He is a former vice-president of trading at Pinetree Capital Ltd. (PNP: $1.33) and was a trader with Byron Securities Ltd. In the last 13 years, he has participated in about 45 private placements, mostly by mining juniors.

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Knoll and his partner had zero to do with the creation of the new Wheaton which became Goldcorp. The Wheaton you refer to, which they did start, was sold as a shell to Frank Guistra and Ian Telfer, who then used it to buy the producing San Dimas complex in Mexico and created the silver stream to finance it. That was a Telfer/Guitsra deal.

Give credit where credit is due!!

Posted by Dandy Dan at 2019-11-30 18:43

Knoll and his partner had zero to do with the creation of the new Wheaton which became Goldcorp. The Wheaton you refer to, which they did start, was sold as a shell to Frank Guistra and Ian Telfer, who then used it to buy the producing San Dimas complex in Mexico and created the silver stream to finance it. That was a Telfer/Guitsra deal.

Give credit where credit is due!!

Posted by Dandy Dan at 2019-11-30 18:43