Shell Summary for April 30, 2018

by Stockwatch Business Reporter

The TSX-Venture Exchange slipped a fraction of a point to 783.63 Monday. John Travaglini has filed a preliminary prospectus to list his second capital pool shell, Platform 9 Capital Corp. Platform 9 plans to sell an initial public offering of between $200,000 and $700,000 at 10 cents through Haywood Securities Inc. Mr. Travaglini listed his first capital pool shell, Platform Eight Capital Corp. (PEP), in February with a 10-cent IPO, also through Haywood. Platform Eight is halted pending QT plans to acquire Growforce Holdings Inc., a newly licensed marijuana producer (see Shell Summary for April 25, 2018). Investors await more details, such as the amount of a proposed financing and a roll-back ratio.

Two of Platform Eight's directors, Paul Wood and Sandra Kosziwka, have joined Mr. Travaglini at Platform 9. Mr. Wood is a director and Ms. Kosziwka is the shell's chief financial officer. Mr. Wood is also the CEO of two TSX-V companies, BTU Metals Corp. (BTU: $0.06), an Irish gold explorer, and Eurocontrol Technics Group Inc. (EUO: $0.08), a tech promotion. Ms. Kosziwka is a senior finance manager with CIBC. Platform 9 has two other directors: Rajamohan Natarajan and David Brown. Mr. Natarajan is vice-president of Mr. Travaglini's investment company, 4Front Capital Partners Inc. Mr. Brown is a lawyer at WeirFoulds LLP and a director of Lorne Park Capital Partners Inc. (LPC: $0.39).

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