About Bluewater Acquisition Corp.

 

Bluewater Acquisition Corp. is a Capital Pool Company whose common shares trade under the ticker symbol “BAQ.P” on the TSX Venture Exchange (Toronto, Canada). The aim of the company is to identify, evaluate and invest in assets or businesses in the maritime/shipping sector that exhibit growth potential and, when acquired, qualify the company for listing as a regular issuer on the TSX Venture Exchange. 

In addition, the company may contemplate positioning itself to become an Investment Issuer listed on the TSXV by focusing on investing in a diversified number of companies in the International Shipping & Maritime sectors.

Among the assets and businesses the company will be evaluating, are the following:
 

• A number of diversified special projects, investing in equity, debt or other securities of public or private companies.

• Ship owning companies with ongoing operations,

• Shipping assets controlled by private equity firms or by traditional shipping companies

• Operating companies seeking a public vehicle to vend in assets.

 
Bluewater is currently in various stages of identifying and evaluating opportunities that it believes have the elements for growth. Pursuant to stock exchange regulations, Bluewater is able to conduct discussions with potential counterparties and enter into an Agreement in Principle (as defined in TSX Venture Policy 2.4) with respect to a transaction, the consummation of which is intended to meet the requirements of a “Qualifying Transaction”.
 
Depending on the structure and size of its Qualifying Transaction, the company expects to proceed with an equity offering to fund the acquisition of assets or a business.
 
The board of directors and management team of Bluewater have an extensive global network of institutional investors, lending institutions and investment banks to facilitate a high-quality transaction with particular attention paid to corporate governance 'best practices', return on equity, and free cash flow.

 

Forward-looking Information

This website contains "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is disclosure about future courses of action, events, and conditions. In connection with the forward-looking information, Bluewater made certain material assumptions. Furthermore, actual results may vary from the forward-looking information due to certain material risk factors. Certain of these risk factors are disclosed in Bluewater's long form prospectus dated August 14, 2018, a copy of which is filed on SEDAR at www.sedar.com. Bluewater assumes no obligation to update or revise the forward-looking information in this website unless it is required to do so under Canadian securities legislation.