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by Stockwatch Business Reporter

The TSX Venture Exchange fell 4.63 points to 659.21 Tuesday. Lawrence Ho's halted capital pool shell, Alpha Peak Leisure Inc. (AAP), has to extend the deadline for acquiring Total Wonder Enterprises Ltd. as its qualifying transaction. It had expected to acquire Total Wonder by Jan. 30, then April 8, but now the shell has pushed back a meeting to ask for shareholder approval to April 28.

Alpha Peak still plans to acquire its target by issuing 45,356,146 shares to the shareholders of Total Wonder. It owns the Swallows' Gully outdoor tourism destination at the Gongga Mountain in Sichuan province, China. The shell probably needs more time selling a $25-million private placement at $1.80, a requirement for closing this QT. It had originally lined up Citigroup, Merrill Lynch and UBS Securities to find investors, and later added Deutsche Bank to the group, but so far, after more than six months, the banks have yet to report they have closed the financing.

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