Shell Summary for April 25, 2018

by Stockwatch Business Reporter

The TSX Venture Exchange lost 5.45 points to 783.79 Wednesday. Emprise Capital Corp. has listed two capital pool shells: ECC Ventures 1 Corp. (EONE: $0.15) and ECC Ventures 2 Corp. (ETWO: $0.15). Each shell sold a $200,000 initial public offering at 10 cents through Mackie Research Capital Corp. There was one trade for each shell, a 480,000-share cross at 15 cents. One shell's cross was by Mackie; the other's was by anonymous.

Emprise Capital is a Vancouver company that typically picks up significant interests in out-of-favour NEX listings, then repackages them into shells for sale. The NEX shells in Emprise's stable are Ripper Oil and Gas Inc. (RYP: $0.45), Sixonine Ventures Corp. (SNX: $0.29), Sebastiani Ventures Corp. (SBS: $0.17), Ladera Ventures Corp. (LV: $0.135) and Bravern Ventures Ltd. (BAV: $0.075). None of them has a deal in progress. We last discussed Emprise in the Shell Summary for Feb. 14, 2018, and since then it has closed a deal for one of its NEX shells, Camex Energy Corp. In late February, Camex rolled back 1 for 12 and launched a Namibian lithium explorer called Desert Lion Energy Inc. (DLI: $1.23). In connection with this launch, Camex and Desert Lion sold $8.33-million worth of subscription receipts at $1.82. Investors who participated in that financing are down on paper today.As for Emprise, it acquired 11 million shares of Camex at five cents in 2012. It then sold 10.9 million of those shares in 2014 at prices ranging from 3.9 to four cents, thereby losing $116,850. That same year, however, it received shares valued at $76,840 as compensation for services. Those shares are worth $157,180 today. As well, from December, 2012, to February, 2018, Emprise received $10,000 a month for accounting and administration services to Camex, totalling $630,000.

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