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by Stockwatch Business Reporter

The TSX Venture Exchange added 3.49 points to 559.16 Monday, ending the month down 35.15 points. Roger Dent's halted capital pool shell, Quinsam Opportunities I Inc. (QOP), plans to acquire a boat-maker, Windward Holdings Inc., as its qualifying transaction.

The shell, which has nine million shares outstanding, will issue approximately 48.2 million shares to the shareholders of Windward Holdings, after which Quinsam will change its name to Rossiter Boat Group Inc. Windward, doing business as Rossiter Boats, was founded 40 years ago by George Rossiter, who started building wooden rowboats, expanding into powerboats in the 1990s. These days, the company sells six different types of rowboats starting as low as $1,350 and climbing to $6,200 for the Loudon Rowboat, a 150-pound, 17-footer with a teak deck. It also has four types of powerboats, with sizes ranging from 14 feet to 23 feet. The company does not have readily available prices for its powerboats, but one of its distributors, Ed Huck Marine in Rockport, Ont., is offering Rossiter's largest boat, the 2016 Rossiter 23-foot classic day boat, for sale at $107,500. Quinsam has not yet provided Rossiter's financial details for investors to see if Rossiter's boats is a money-making operation. The company has a 92,000-square-foot facility in Markdale, Ont., and will close a $2.2-million private placement in connection with the QT.

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