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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 996.70 Wednesday. Simon Yakubowicz's first capital pool shell, Cluny Capital Corp. (CLN), listed today, making it the first capital pool shell of the month. Cluny did not trade. Tomorrow, another new capital pool shell, Sean Caulfeild's Maestro Capital Corp. (MCP), will arrive on the TSX-V, making it the second capital pool shell this month and the 10th this year. PI Financial sold the shell's $400,000 initial public offering of four million shares at 10 cents. It is the brokerage firm's second capital pool shell this year, following Robert Munro and Marc Lavine's Chrysalis Capital IX Corp. (NYN), which listed last March.

Maestro has two million shares in escrow that sold at five cents. Mr. Caulfeild, an Ottawa lawyer and the shell's president, owns 200,000 escrow shares. This is his first time as president of a capital pool shell, but he has been a director of Michael Inskip and Dan Hilton's two previous capital pool shells, Work Horse Capital & Strategic Acquisitions Corp. and Green Swan Capital Corp. (GSW: $0.075). Work Horse closed its qualifying transaction in early 2011 and now trades as LeoNovus Inc. (LTV: $0.335). Their other shell, Green Swan, closed its QT in early 2012 by optioning a mining property in Ontario.

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