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Shell Summary for May 26, 2020

2020-05-26 20:21 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange lost 3.41 points to close at 538.43 Tuesday. Vancouver brothers Darren and Jeff Tindale have filed a final prospectus to list their first capital pool shell, Whatcom Capital Corp. When they filed the preliminary prospectus for the shell in December, Whatcom was planning to sell a $500,000 initial public offering at 10 cents. Now, it is selling a $375,000 IPO at 10 cents and a concurrent $375,000 private placement at 10 cents. Whatcom's IPO agent is Industrial Alliance Securities Inc.

Darren Tindale, 48, is an accountant. He has been an officer or director of at least eight public companies, including Batero Gold Corp. (BAT: $0.055), of which he was the chief financial officer from 2010 to 2013, and Cliffmont Resources Ltd. (CMO: $0.07), of which he was the controller from 2012 to 2015. Darren is also the former CFO and the current secretary of Body and Mind Inc. (BAMM: $0.53), a U.S. marijuana grower that trades on the Canadian Securities Exchange.

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