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by Stockwatch Business Reporter

The TSX Venture Exchange slipped a fraction to 584.47 Tuesday. Sokhie Puar's capital pool shell, ASB Capital Inc., has completed its qualifying transaction, which is the acquisition of an Israeli manufacturer of baby products. The shell rolled back its shares 1 for 5, leaving it with 3,358,667 shares issued, then it issued 33,399,984 shares to its target's shareholders. Today, the resulting issuer began trading as Else Nutrition Holdings Inc. (BABY: $0.69). It reached an intraday high of 75 cents before closing at 69 cents on 236,700 shares.

Else Nutrition is working on vegan infant formula. It hopes to begin selling this product, in powder and liquid forms, within the next two years. To help finance its product development, ASB Capital raised $7.5-million by private placement at 25 cents. There were 367 subscribers, most of them unnamed. (Eleven pro groups were identified, but they each bought only a small position of 280,000 shares or fewer.)

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