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by Stockwatch Business Reporter

The TSX Venture Exchange fell 3.47 points to 909.29 Tuesday, ending the miserable month down 114.7 points. Lawrence Ho, like his father, a billionaire casino developer in Macau, has a new capital pool shell, Maple Peak Investments Inc. (MAP), which lists on the TSX-V tomorrow. It will be the first capital pool shell of October and the 15th this year. Canaccord Genuity Corp. sold the shell's $300,000 initial public offering of three million shares at 10 cents.

Before closing the IPO, the shell privately sold 42 million shares at 10 cents and 10 million shares at five cents for a total of $4.7-million. By the time the IPO closed, the shell had sold $5-million worth of shares, the maximum amount a shell is permitted to raise by the TSX-V before listing. Mr. Ho, the eldest son of Hong Kong gambling mogul Stanley Ho, is not on the board of this capital pool shell, but he is by far the largest shareholder with 30 million shares. Lawrence Ho has a large portfolio of casino developments, including the Grand Hyatt and Hard Rock Hotel in Macau, which he manages through his Melco Crown Entertainment Ltd. (MPEL: $26.29).

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