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by Stockwatch Business Reporter

The TSX Venture Exchange added 11.05 points to 676.54 Friday, making it three consecutive days of gains. The exchange ended the week up 22.76 points. Amar Bhalla, a shell packager in Toronto, has filed a preliminary prospectus for a new capital pool shell, LL Capital Corp. The Calgary office of Richardson GMP Ltd. will sell the shell's initial public offering of between $200,000 and $300,000 at 10 cents. Last month, Mr. Bhalla filed a final prospectus for another capital pool shell, Carlaw Capital V Corp., which has yet to close its IPO and list on the TSX-V. Canaccord Genuity is handling the IPO for Carlaw Capital V.

Two weeks ago, LL Capital sold six million escrow shares at five cents to five insiders, of which 3.2 million went to Capit Investment Corp., a private company owned by Mr. Bhalla, the shell's founder and president. The second-largest shareholder is director James Eaton with two million escrow shares. He is one of the younger Eatons from the well-known Toronto family. Mr. Eaton, 38, sits on the boards of various charities and foundations, and is also the president of a holding company, Weatons Holdings Ltd. He was also a director of a previous Bhalla capital pool shell. LL Capital's remaining director is Richard Kimel, a lawyer at Aird & Berlis LLP, who owns 200,000 escrow shares. He was on the board of two previous capital pool shells listed by Mr. Bhalla, and is the former secretary of Sino-Forest Corp., a position he held between June, 2007, and January, 2012. He left about six months after Carson Block's Muddy Waters Research accused the company of fraud.

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