10:01:21 EDT Sun 25 Oct 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Shell Summary for May 5, 2020

2020-05-05 20:22 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange rose 4.40 points to 480.47 Tuesday. Catherine Wilson and Ted Manziaris have listed their first capital pool shell, Trillium Acquisition Corp. (TCK), following a $717,140 initial public offering at 10 cents. The IPO agent was Echelon Wealth Partners Inc. Trillium had hoped to raise up to $4-million in its IPO, but the minimum shell IPO is only $200,000, so the $717,140 that Trillium raised will do just fine. Not unusually for a capital pool shell, Trillium's stock did not trade today.

Ms. Wilson lives in New Jersey and is the vice-president of finance for Tommy Hilfiger, one of the clothing brands owned by PVH Corp. (PVH: $44.27 (U.S.)). She was previously a senior accountant at Ernst & Young Global Ltd. Her shell-making partner, Mr. Manziaris, lives in Toronto and was the founder of Turtle Island Recycling Corp., a garbage collection, disposal and recycling company. He sold Turtle Island in 2011 for an undisclosed amount. From 2014 to 2017, Mr. Manziaris was a trustee of Edgefront Real Estate Investment Trust, now called Nexus Real Estate Investment Trust (NXR: $1.54). While he was there, Edgefront traded between $1.35 and $2.50. Mr. Manziaris and Ms. Wilson's Trillium Acquisition plans to seek a real estate deal for its qualifying transaction.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.