/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US WIRE SERVICES/
TORONTO, Aug. 18 /CNW/ - JJR II Acquisition Inc. ("JJR II") (TSX-V:
JJR.P) is pleased to announce that it plans to complete a non-brokered private
placement of up to 2,250,000 common shares in the capital of JJR II at $0.10
per common share for gross proceeds of up to $225,000.
The private placement is anticipated to close within five business days,
subject to approval by the TSX Venture Exchange.
The common shares offered under the private placement announced today
will be subject to a four month and a day hold period from the date on which
the common shares are issued.
The net proceeds of the private placement will be used to provide JJR II
with funds for the identification and evaluation of assets or businesses for
acquisition with a view to completing a qualifying transaction
About JJR II: JJR II Acquisition Inc. is a Capital Pool Company ("CPC")
listed on the TSX Venture Exchange.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Ron Schmeichel, CEO of JJR II Acquisition Inc.
at (416) 972-6294