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by Stockwatch Business Reporter

The TSX Venture Exchange gained 3.59 points to 644.95 Thursday. Its capital pool shell collection continues to expand. First, there is Peter Karos's first shell, Bluewater Acquisition Corp. (BAQ: $0.15), formerly identified only as 10674419 Canada Corp. Bluewater has closed its $421,650 initial public offering at 10 cents through Haywood Securities Inc. Today, the stock opened at 20 cents and closed at 15 cents on 2,000 shares.

Mr. Karos, 45, is a shipping and commodities consultant and investor in Toronto through Argonaut Maritime Investment Inc. He previously spent 7-1/2 years with Polar Asset Management Partners Inc., before which he was the head of trading for nine years at Arbor Capital Management LLC in Minnesota. Among his fellow shell directors is Mihalis (Mike) Sapountzoglou, 57, co-founder and director of a commercial ship management company called Flagship Navigations Ltd. He lives in Monaco. From 1994 to 2015, he worked in corporate finance with the Angelopoulos Group, a Greek shipping and steel group.

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