/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
TSX VENTURE EXCHANGE: JJR.P
TORONTO, June 1 /CNW/ - Further to its press releases dated December 15,
2008 and April 22, 2009, JJR II Acquisition Inc. ("JJR II") (TSX Venture:
JJR.P) announces that it has filed a filing statement dated May 29, 2009, (the
"Filing Statement") with the TSX Venture Exchange (the "Exchange") with
respect to a proposed acquisition by JJR II of all of the issued and
outstanding shares of Wellkan Resources Limited ("Wellkan"), pursuant to an
Acquisition Agreement between JJR II and Wellkan dated April 17, 2009. Subject
to the Exchange's approval and pursuant to Exchange Policy 2.4, the
acquisition shall constitute JJR II's Qualifying Transaction. Details of the
proposed transaction are contained in the Filing Statement which has been
filed on Sedar at www.sedar.ca. The closing date for the transaction is
expected to occur during the week of June 15, 2009, or such other date as the
parties may agree.
Investors are cautioned that trading in the securities of a Capital Pool
Company ("CPC") should be considered highly speculative.
JJR II is a CPC governed by the policies of the Exchange. Wellkan was
incorporated under the laws of the British Virgin Islands on March 21, 2007.
Wellkan is engaged in the acquisition, exploration and development of mineral
properties in the Peoples' Republic of China ("PRC") with a focus on Vanadium.
Wellkan has two wholly-owned subsidiaries being Shaanxi Wellkan Resources
Limited and Shangnan Xiangbao Mining Industrial Co., Ltd.), both incorporated
under the laws of the PRC.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Ronald D. Schmeichel, CEO of JJR II at (416)