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by Stockwatch Business Reporter
The TSX Venture Exchange
fell 3.84 points to 574.16 Friday, ending the week down 1.02 points.
Alfredo De Lucrezia's third capital pool shell, Vincero Capital Corp. (VCO), has closed its $500,000 initial public offering at 10 cents. Its IPO agent was PI Financial Corp. The stock will begin trading on Tuesday.
Vincero is the second capital pool shell to list this year. By this time last year, five capital pool shells had listed. Including Vincero, there are now 193 listed capital pool shells, of which 76 have qualifying transactions in progress. The rest of the shells are available for deals.
Mr. De Lucrezia, 52, lives in North Vancouver. From 1998 to 2019, he owned and managed a painting business with both commercial and residential customers. He also has public company experience. From 1997 to 2006, he was a director of about a dozen mining and oil and gas juniors.
Mr. De Lucrezia listed his first capital pool shell, Manera Capital Corp., in 2014. The shell closed its QT in 2016 by launching a B.C. gold explorer, GT Gold Corp. (GTT: $1.32). Manera's IPO shareholders, who needed 10 cents to break even, had more than enough opportunities to get out of their investment with a pleasing profit; GT Gold traded up to $2.76 in 2017.
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