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by Stockwatch Business Reporter
The TSX Venture Exchange lost 4.03 points to 830.17 Friday, but it ended the week up 16.78 points. Hugh Rogers and Toby Pierce have filed a preliminary prospectus to list a capital pool shell called Seashore Resource Partners Corp. They plan to sell a $210,000 to $400,000 initial public offering at 10 cents through Haywood Securities Inc.
In March, 2017, Mr. Rogers and Mr. Pierce filed a preliminary prospectus to list a capital pool shell called Angus Ventures Inc. They intended to sell a $200,000 IPO at 10 cents for Angus. Mr. Rogers, 38, a Vancouver corporate finance consultant, was Angus's chief executive officer, chief financial officer and secretary. He held 500,000 escrowed shares, for which he paid five cents a share. His shell-making partner, Mr. Pierce, 45, a Vancouver oil and gas promoter, was a director of Angus and its largest escrow shareholder, owning one million escrowed shares. By the time Angus Ventures Inc. (GUS: $0.50) listed in September, Mr. Rogers had left. He had also sold all of his escrowed shares at seven cents, earning a $10,000 profit. As for Mr. Pierce, he had sold 900,000 of his escrowed shares at seven cents, earning an $18,000 profit and leaving him with a position of 100,000 escrowed shares. Mr. Pierce remained on Angus's board until two weeks ago. Since Angus listed, its CEO has been Patrick Langlois, a Toronto chartered financial analyst and first-time shell CEO.
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