– CANADA, Toronto – Bluewater Acquisition Corp. (TSXV:BAQ.P), a capital pool company with the aim of identifying and investing in assets and businesses in the maritime/shipping sector, today announced that, on November 1, 2018 Bluewater’s common shares commenced trading on the TSX Venture Exchange under the trading symbol “BAQ.P”.
Bluewater is also pleased to announce that it has appointed Antonios (Tony) Backos as a director. Mr. Backos has been working closely with the board and management of Bluewater in an advisory role since its inception. Mr. Backos has over 19 years of strategic corporate shipping transaction experience and has served since 2012 as the Executive Director of AB Management LLC, a private consulting firm providing transactional advisory services in multiple sectors, including shipping. He also served as Senior Vice President for Corporate Development, General Counsel and Secretary of Pyxis Tankers Inc., a Nasdaq-listed product tanker company, from its inception in 2015 until 2018. Prior to 2012, Mr. Backos was a partner focusing on capital markets, private equity, mergers & acquisitions and other corporate cross-border transactions at the international law firms of Orrick Herrington & Sutcliffe LLP, Watson, Farley & Williams LLP, and Healy & Baillie LLP.
Bluewater’s board has authorized Bluewater to grant to Mr. Backos options to purchase a total of 121,650 common shares. Bluewater will fix the grant date for the options and the exercise price for the common shares underlying the options in accordance with the policies of the TSXV.
Bluewater is a newly-formed capital pool company created to identify and evaluate potential acquisitions of commercially viable businesses and assets in the maritime/shipping sector that have the potential to generate profits and add shareholder value. Except as specifically contemplated in Policy 2.4 of the TSXV, until the completion of a qualifying transaction, Bluewater will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a qualifying transaction.
For more information : http://www.bluewateracquisition.com
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