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by Stockwatch Business Reporter

The TSX Venture Exchange fell 1.90 points to 571.31 Monday. Craig Leon's new capital pool shell, Revelstoke Equity Corp. (REQ), will begin trading Tuesday on the TSX-V. This is the first capital pool shell to list in August and the 11th capital pool shell to list in 2015, an improvement from last year, when by this time eight capital pool shells had listed. Hampton Securities Ltd., a Toronto brokerage firm, sold Revelstoke's $657,860 initial public offering of 3,289,300 shares at 20 cents.

Revelstoke has one million shares in escrow that sold at 10 cents. Mr. Leon, the shell's founder and chief executive officer, is the largest shareholder with 750,000 escrow shares. He recently became the interim chief financial officer of Redwood Asset Management Inc., where he previously worked for six years, 2003 to 2009, as the asset management company's chief operating officer. He is also the chairman of Revive Therapeutics Ltd. (RVV: $0.50), a pharmaceutical company.

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