Shell Summary for Feb. 22, 2018

by Stockwatch Business Reporter

The TSX Venture Exchange gained 1.12 points to 829.19 Thursday.Matthew Wood's Australian-Mongolian-Canadian shell-making group has filed a preliminary prospectus to list its second capital pool shell, Spirit Banner II Capital Corp. The shell plans to sell a $500,000 to $1-million initial public offering at 10 cents through Canaccord Genuity Corp.

Mr. Wood, 48, is an Australian geologist living in Mongolia. He first appeared in the Canadian shell sector in September, 2016, when he arranged to take his diamond explorer public through a capital pool shell. That deal closed in April, 2017, and his diamond explorer now trades as Five Star Diamonds Ltd. (STAR: $0.21). Mr. Wood remains the chairman, president andchief executive officer of Five Star Diamonds.

In June, 2017, Mr. Wood took over as the chairman of a seven-year-old capital pool shell called Antler Hill Oil & Gas Ltd. In the same month, he changed the shell's name to Antler Hill Mining Ltd. (AHM: $0.03). In September, Antler Hill said it was in "advanced stages of discussions" for a potential precious metals deal. It has since provided no updates or any details, but it plans to roll back 1 for 3.33. When Mr. Wood arrived at Antler Hill, he came with three Torontonians who replaced all of the shell's directors. The three Torontonians are Peter Bures, Aneel Waraich and Ali Haji. Mr. Bures, 40, is a former vice-president of equity research at Canaccord Genuity Inc. Mr. Waraich, 37, is a former analyst with Goodman & Company Investment Counsel Inc. Mr. Haji, 35, is a former analyst with Invesco Ltd.

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