Gevelot - Shotshells and 22lr ammo (and rifles)(1960)

They had a .22 that fired from an open bolt, I heard it could go full auto. They had an ammo factory in Saskatoon. There is still a powder magazine in a farmer’s field.
Any one know why they went out of business?
 
They actually just assembled ammo in Saskatoon . They imported the components and assembled them in Canada . Was either a import thing or advertising gig.
 
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