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Shell Summary for Feb. 27, 2020

2020-02-27 20:19 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange dropped 25.01 points to 520.59 Thursday. Brendon McCutcheon has filed a preliminary prospectus to list his first capital pool shell, Can-Gow Capital Inc. It plans to sell a $310,000 initial public offering at 10 cents through Leede Jones Gable Inc.

Mr. McCutcheon, 33, lives in Edmonton and was a member of the Canadian Forces until seven years ago. Since then, he has been a directional drilling consultant at Sperry Drilling Inc., a division of Halliburton Company (HAL: $17.39 (U.S.)). At Can-Gow Capital, Mr. McCutcheon is the president, chief executive officer and promoter. He holds one million of the shell's 2.6 million escrow shares. Can-Gow sold its escrow shares at five cents between January and October, 2019.

Joining Mr. McCutcheon on the shell's board are Anwar (Andy) Sleiman, Doug Walker and Dennis Bourgeault. Mr. Sleiman, 46, also lives in Edmonton and holds one million escrow shares. Since 2000, he has been working at Master Flo Valve Inc., a supplier of valves to oil and gas companies. He is an engineering manager and a product development manager at that company. Mr. Sleiman has another line of work, which he notes is "not his primary career focus." Since 2004, he has been a licensed real estate agent. Currently, he is with Royal LePage ArTeam Realty. Like Mr. McCutcheon, Mr. Sleiman has not yet been a public company director.

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