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by Stockwatch Business Reporter
The TSX Venture Exchange lost 6.99 points to 800.88 Thursday. Mo Fazil's capital pool shell, Harbour Star Capital Inc. (HSC: $0.105), was halted today at the shell's request, pending news. The news had not yet arrived by market close. Presumably, it will be about a qualifying transaction. The shell has plenty of time to work on its QT; it listed only two months ago, so there are 22 months left before its QT completion deadline.
Harbour Star sold a $506,800 initial public offering of shares at 10 cents, through Chippingham Financial Group Ltd.
It is the first shell founded by Mr. Fazil, a former broker in Calgary. Between 1994 and 2013, Mr. Fazil worked at Global Securities Corp. (10 years), Mackie Research Capital Corp. (six years), Union Securities Ltd. (two years) and PI Financial Corp. (one year). These days, he is the president of an Indonesian oil and gas promotion, Bow Energy Ltd. (BBLS: $0.095).
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