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by Stockwatch Business Reporter
The TSX Venture Exchange closed up a fraction to 624.51 Friday, ending the week down 26.91 points. Jeremy Edelman has filed a preliminary prospectus to list his first capital pool shell, Hampton Bay Capital Inc. It plans to sell a $300,000 initial public offering at 10 cents through Echelon Wealth Partners Inc.
Mr. Edelman, 50, is a lawyer living in Perth, Australia. He is Hampton Bay's president, chief executive officer and chief financial officer. He holds three million of the shell's 6.1 million escrow shares. (Hampton Bay sold its escrow shares at the usual five cents last month.) Mr. Edelman has worked at a few investment banks, including UBS Warburg and Bankers Trust. He has also been involved in financing natural resource juniors, particularly oil and gas explorers. Since 2012, he has been the non-executive chairman of Reabold Resources PLC, an oil and gas investment firm. Reabold trades on the AIM in London, where it last closed at three-quarters of a penny sterling. Its stock has not traded above five pence sterling since 2013.
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