Shell Summary for April 5, 2018

by Stockwatch Business Reporter

The TSX Venture Exchange closed up 6.78 points to 770.56 Thursday.David Antony has filed a preliminary prospectus to list his first capital pool shell, Rider Investment Capital Corp.The shell plans to sell a $250,000 initial public offering at 10 cents through Canaccord Genuity Corp.

Mr. Antony, 55, is an accountant in Calgary. He has been a director or officer of about two dozen public companies in the past two decades. Among his earliest public company roles, Mr. Antony was the chief financial officer and a director of Calgary real estate developer Hal Walker's capital pool shell, Yes I.C. Technologies Inc. This shell launched a tech start-up called EarlyRain Inc. in October, 2000. (EarlyRain delisted in November, 2002, having fallen to three cents from $1.20 in its two years on the exchange.)

These days, Mr. Antony is a director of James McRoberts's first capital pool shell, Haw Capital Corp. (HAW: $0.25), which does not have a qualifying transaction in progress. Mr. Antony is also the chief executive officer of Blackhawk Resource Corp. (BLR), which is halted at 9.5 cents pending its acquisition of a video gaming company. Blackhawk used to be an Alberta oil and gas explorer. It peaked at 22 cents in 2009. In 2014, Mr. Antony remade Blackhawk into a dividend-paying investment holding company. It initially paid seven cents a quarter and then later 14 cents a quarter. It suspended the dividend last year, because it wanted to "refocus." Now, Mr. Antony is remaking the company again.

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