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by Stockwatch Business Reporter

The TSX Venture Exchange fell 9.17 points to 664.60 Friday, ending the week down 24.19 points. James Paterson's first capital pool shell, Decisive Dividend Corp. (DE), completed its qualifying transaction yesterday by acquiring PGR Ventures Inc., a profitable wood-burning stove manufacturer. Decisive Dividend resumed trading today but there was no immediate interest and the stock did not trade, closing $1.75-$2.00.

Mr. Paterson's company acquired PGR for $5.94-million cash plus 330,000 shares. Patrick Turner, the P of PGR, Gray Cameron, the G, and Ronald Sutcliffe, the R, each received one-third of the cash and shares, and they will continue working for Decisive Dividend for now. The shell graduate paid for its target by selling a private placement of 1,004,250 shares at $2 (no warrants), and by taking out a $2-million line of credit plus a $3.5-million term loan from TD Bank. The company also had working capital of $1.11-million as of Jan. 31, 2015.

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