/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./
TSX VENTURE EXCHANGE: JVI.P
TORONTO, March 18 /CNW/ - JJR VI Acquisition Corp. ("JJR VI") (TSX Venture: JVI.P) is pleased to announce that it has completed its initial public offering as a capital pool company ("CPC").
On March 18, 2010, JJR VI completed an initial public offering of 2,500,000 common shares at a price of $0.10 per share for gross proceeds to JJR VI of $250,000 to purchasers in Alberta, British Columbia and Ontario. Macquarie Private Wealth Inc. acted as agent in respect of the offering and received a cash commission. In addition, JJR VI issued an agent's options to acquire 250,000 common shares exercisable 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 VI has filed 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 VI are Ronald D. Schmeichel, Jordan M. Kupinsky and Rudolph A. Schmeichel. Detailed information regarding each director is contained within the Prospectus, which is available to the public at www.sedar.com. In connection with the closing, an aggregate of 1,070,000 stock options were granted to Ronald D. Schmeichel, Jordan M. Kupinsky and Rudolph A. Schmeichel.
Investors are cautioned that trading in the securities of a CPC should be considered highly speculative.
JJR VI is a CPC governed by the policies of the Exchange. JJR VI's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.
Neither 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.
SOURCE JJR VI ACQUISITION CORP.
For further information: For further information: Ronald D. Schmeichel, CEO of JJR VI at (416) 972-6294