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Shell Summary for July 7, 2020

2020-07-07 20:51 ET - Market Summary

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by Stockwatch Business Reporter

The TSX Venture Exchange closed up 6.67 points to 651.66 Tuesday. Mervyn Pinto's first capital pool shell, Kepler Acquisition Corp. (KEP: halted), has submitted a filing statement for its qualifying transaction, which is an e-sports deal. Among the most notable details in the filing statement that had not yet been previously disclosed are the QT target's financials (which are far from impressive). Also available are salary and shareholding data for the director nominees for the resulting issuer. Kepler Acquisition is acquiring a company called ESE Entertainment Inc. The shell will split its shares 1.5 for 1, leaving it with six million shares issued, then it will issue 23,286,667 shares to its target's shareholders.

ESE Entertainment was formed in June, 2019, in Vancouver. Its chief executive officer and sole director, Konrad Wasiela, 35, lives in Vancouver. His Polish family moved to Vancouver in 1980, before he was born. In July, 2019, ESE Entertainment issued its first 22 million shares, all to Mr. Wasiela, for $110,000 or one-half cent a share. Then in September, ESE acquired a two-month old company in Warsaw called ESE Europe LLC, which was 95 per cent owned by Mr. Wasiela. ESE Entertainment paid 5,000 Polish zlotys or $1,700 to the two shareholders of ESE Europe.

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