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by Stockwatch Business Reporter

The TSX Venture Exchange fell 2.80 points to 573.21 Friday, ending the week down 3.39 points. Sum Poon has filed a final prospectus for Gold Horn International Enterprises Group Ltd., a capital pool shell that he incorporated in Hong Kong, where he lives. The Calgary office of PI Financial Corp. will sell the shell's $300,000 initial public offering of three million shares at 10 cents.

Last March, the shell sold 9.9 million escrow shares at five cents. Mr. Poon, Gold Horn's 50-year-old president, is the largest shareholder with nine million escrow shares, most of which he controls through his Gold Train Investments Ltd., an investment company incorporated in the British Virgin Islands. He is a co-founder and the chairman of PetroAsian Energy Holdings Ltd., a Hong Kong Stock Exchange-listed company with oil and gas projects in China and Tunisia, and a vanadium project in China. PetroAsian last traded at 14.8 Hong Kong cents.

Joining Mr. Poon on the board is Geoffrey Hill, another Hong Kong resident, who owns 500,000 escrow shares. Mr. Hill, 68, was on the board of Australian cobalt explorer Broken Hill Prospecting Ltd. for 26 years, leaving in June, 2014. These days he manages his small corporate advisory firm in Hong Kong called International Pacific Securities.

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