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by Stockwatch Business Reporter

The TSX Venture Exchange lost 4.63 points to 620.63 Tuesday. Gurbakhshish (Bob) Hans and Robert (Bob) Quinn have filed a preliminary prospectus to list their first capital pool shell, Hanstone Capital Corp. It plans to sell a $300,000 initial public offering at 10 cents through Leede Jones Gable Inc.

Hanstone has three million escrow shares, which it sold at five cents in October. Mr. Hans, who is identified as the shell's founder and promoter, holds 2.65 million escrow shares. Mr. Quinn, the shell's president and chief executive officer, holds an unusually unpresidential percentage of the escrow shares, representing a mere 100,000 of them.

Mr. Hans, 55, lives in Surrey, B.C., and is the president of the Hans group. This group includes Hans Trucking Ltd., a sand, gravel and soil trucking company that operates in the B.C. Lower Mainland and the Fraser Valley. The group also includes Hans Group Inc., a real estate developer with five projects in the Toronto area and one in Henan, China.

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