/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
TSX VENTURE EXCHANGE: JJV.P
VANCOUVER, Feb. 6 /CNW/ - JJR IV Acquisition Inc. ("JRR IV") (TSX
Venture: JJV.P) is pleased to announce that it has completed its initial
public offering as a capital pool company ("CPC").
On February 6, 2008, JJR IV completed an initial public offering of
2,400,000 common shares at a price of $0.10 per share for gross proceeds to
JJR IV of $240,000 to purchasers in Alberta and British Columbia. Blackmont
Capital Inc. acted as agent in respect of the offering and received a cash
commission, as well as an option to acquire 10% of the aggregate number of
shares sold pursuant to the offering for a period of 24 months from the date
of listing of the common shares on the TSX Venture Exchange (the "Exchange")
at an exercise price of $0.10 per common share.
JJR IV is in the process of filing the requisite post-closing
documentation with the Exchange in order to obtain final approval of the
listing of the common shares.
The directors and officers of JJR IV are Ronald D. Schmeichel, Mario M.
Kulas and Rudolph A. Schmeichel. Detailed information regarding each director
is contained within the Prospectus, which is available to the public at
Investors are cautioned that trading in the securities of a CPC should be
considered highly speculative.
JJR IV is a CPC governed by the policies of the Exchange. JJR IV's
principal business is the identification and evaluation of assets or
businesses with a view to completing a Qualifying Transaction.
The TSX Venture Exchange does not accept responsibility for adequacy or
accuracy of this release.
For further information:
For further information: Ronald D. Schmeichel, CEO of JJR IV at (416)