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by Stockwatch Business Reporter
The TSX Venture Exchange climbed 13.94 points to 829.12 Wednesday. Joe DeVries's new capital pool shell, Anquiro Ventures Ltd. (AQR), resumed trading today, following a $200,000 initial public offering at 10 cents.Anquiro has 2.5 million escrowed shares, 1.4 million of which belong to Mr. DeVries's management company, Simco Services Inc. Anquiro's president, Keturah Nathe, owns only 100,000 escrowed shares. She is also a director of Arizona Silver Exploration Inc. (AZS: $0.18).
Mr. DeVries is the president of two oil and gas juniors, four-cent Petrichor Energy Inc. (PTP) and 7.5-cent Altima Resources Ltd. (ARH). Anquiro is his second capital pool shell, and IPO shareholders are hoping for a better performance than they endured with his first one. He listed Precision Enterprises Inc. in March, 2007, at 10 cents. It made two QT attempts:a medical device company in 2010, and then a Gabonese mining deal in 2013, but both failed, offering no opportunity for IPO shareholders to sell at a profit. In connection with the mining deal, Precision rolled back 1 for 3 and changed its name to Allante Resources Ltd. (ALL: $0.105). The 11-year-old Allante has been a failure for its IPO shareholders who never had an opportunity to sell at a profit.
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