A New Chapter for Hudson - JJR Capital Corp. is playing a key role in the reverse transaction
Barry Critchley, Financial Post • Oct. 06, 2011
The stage has been set for the return of Steve Hudson, one of the founders of Newcourt Credit Group, to the public capital markets.
Mr. Hudson, who organized the sale of Newcourt to CIT a decade ago, will be in the public markets again, thanks to Mira 11 Acquisition Corp., a capital pool company listed on the TSX Venture Exchange, entering a letter of intent to acquire Element Financial Corp., an equipment leasing company that Mr. Hudson set up two years ago. The deal will be done by way of a reverse takeover with the now private Element ending up as the resulting public company. (read full news release)
OCTOBER 5, 2011. JJR CAPITAL ANNOUNCED PROPOSED QUALIFYING TRANSACTION OF MIRA II ACQUISITION CORP. WITH ELEMENT FINANCIAL CORPORATION
Mira II Acquisition Corp. has entered into a letter of intent dated Oct. 4, 2011, with Element Financial Corp. to complete a going public transaction for Element by way of a reverse takeover of Mira II, a capital pool company listed on the TSX Venture Exchange. The proposed transaction will be conducted by way of an amalgamation under the Business Corporations Act (Ontario) pursuant to which Element will combine its corporate existence with Mira II, with the amalgamated entity being named Element Financial Corp.
Element is an independent finance company that originates, manages and finances equipment leases. Element specializes in providing equipment financing in Canada to owner/operators, as well as to small- and medium-sized businesses. Element originates the vast majority of its equipment financings through its employee sales force, who focus on equipment vendors and direct equipment users. In conjunction with, or prior to the closing of, the proposed transaction, Element intends to complete a brokered private placement co-led by GMP Securities LP, Barclays Capital Canada Inc. and BMO Capital Markets and including CIBC World Markets Inc. and National Bank Financial Markets of subscription receipts. It is contemplated that the subscription receipts issued pursuant to the private placement will ultimately be convertible or exchangeable into freely tradeable common shares of the resulting issuer.
Melnyk's next big move – Merger of JJR and Trimel BioPharma
Barry Critchley, Financial Post • Feb. 25, 2011
He did it once and turned Biovail Corp. into one of the country's largest specialty pharmaceutical companies and along the way attracted attention from investors, customers - and the regulators.
Now Eugene Melnyk is back, hoping to create the next Biovail. J5 Acquisition Corp., a capital pool company, announced a letter of intent with Trimel BioPharama Holdings Inc., the private company Melnyk set up in 2008. If things work out as planned, J5 will merge with Trimel, Trimel will also do a private round of equity financing and Trimel will be the resulting public company. (read full news release)
JJR AND TRIMEL BIOPHARMA HOLDINGS INC. ANNOUNCE A PROPOSED QUALIFYING TRANSACTION
JJR Capital Corp is pleased to announce that J5 Acquisition Corp., together with its wholly owned subsidiary incorporated under the laws of Barbados, J5 (Barbados) Inc., entered into a definitive agreement to amalgamate with Trimel BioPharma Holdings Inc. dated March 2, 2011, to complete an arm's-length qualifying transaction with Trimel. Under the proposed transaction, J5 will acquire all of the issued and outstanding common shares of Trimel, such that Trimel will become a wholly owned subsidiary of J5. The amalgamation agreement will be made available on SEDAR. The resulting issuer will apply to the Toronto Stock Exchange to have its common shares listed for trading immediately following the proposed transaction. (read full news release)
JJR ANNOUNCES THE QUALIFYING TRANSACTION WITH ATLAS
JJR Capital Corp is pleased to announce that JJR VI Acquisition Corp. completed its qualifying transaction in the way of merger dated Dec. 14, 2010, among Atlas Acquisition Corp., a Delaware corporation and wholly owned subsidiary of JJR VI, Kingsway Financial Services Inc. (KFS), an Ontario corporation, and American Insurance Acquisition Inc. (AIAI), a Delaware corporation which is an indirect wholly owned subsidiary of KFS. Pursuant to the merger agreement, Atlas merged with and into AIAI, and AIAI, as the surviving company, became a subsidiary of JJR VI, which is known as Atlas Financial Holdings Inc. (read full news release)
JJR and Kingsway Financial announce a proposed transaction of its American Specialty Commercial Auto Insurance divisions
JJR Capital Corp is pleased to announce that JJR VI Acquisition Corp. and Kingsway Financial Services Inc. have entered into a letter of intent dated May 26, 2010, to complete a going-public transaction by Kingsway's subsidiaries, American Country Insurance Co. (ACIC) and American Service Insurance Co. (ASI) by way of a reverse takeover of J6, a capital pool company listed on the TSX Venture Exchange, in a transaction valued at over $80-million (U.S.).
Founded in 1925 to sell insurance for taxi cabs, ACIC is one of the oldest insurers of U.S. taxi and livery business. For more than 75 years, ACIC expanded its expertise in this and other areas of specialty commercial automobile insurance. In 1983, ASI began as a non-standard personal and commercial auto insurer writing business in the Chicago, Ill., area. For over 25 years, ASI developed expertise in the area of specialty auto insurance. Both companies distribute their insurance products through a network of retail independent agents. Together, ACIC and ASI are currently licensed to write property and casualty insurance in 47 states in the United States. (read full news release)
JJR announces reverse merger acquisition with Riverbank Power in a transaction valued in excess of $120MM
JJR Capital Corp is pleased to announce that J5 Acquisition Corp. has entered into a letter of intent dated May 14, 2010, with Riverbank Power Corp. to complete a going public transaction for Riverbank by way of a reverse take over of J5, a capital pool company listed on the TSX Venture Exchange.
Riverbank is a hydroenergy company the goal of which is to become a leader in the production and storage of power. Riverbank is rapidly assembling a global portfolio of hydro assets, highlighted by a core group of producing facilities and a broad pipeline of later stage, permitted development projects. Riverbank is led by a proven energy developer, John Douglas, who co-founded Ventus Energy Inc. in 2004 to develop wind farms in Canada, which was acquired by GDF Suez for $140-million in 2007. Mr. Douglas also co-founded Transmission Developers Inc., which is developing the Champlain-Hudson Power Express, an innovative underwater high-voltage direct current (HVdc) transmission cable between Montreal and New York.
Symbiotics, a prominent hydro developer with over 30 years of experience licensing hydro projects in the United States, has been developing low-impact hydroelectric projects since 2001 to meet growing demand for renewable energy. Symbiotics specializes in run-of-river retrofit and closed loop pumped storage projects and was formed by merging the resources and expertise of two successful companies: Ecosystems Research Institute and Northwest Power Services. (read full news release)
JJR Completes Biox Acquisition
March 2, 2010 - JJR Capital Corp. is pleased to announce that JJR IV Acquisition Inc. (JJR) has completed the reverse merger transaction with BIOX Corporation ("BIOX") (TSX: BX), in a transaction valued at over $100MM. BIOX is a renewable energy company that designs, builds, owns and operates biodiesel production facilities, including a biodiesel production facility in Hamilton, Ontario, Canada with a nameplate capacity of 67 million litres per year. BIOX has an innovative, proprietary and patented production process that is faster and achieves higher yields than competing methods of biodiesel production, while utilizing a variety of feedstocks - from pure seed oils to animal fats to recovered vegetable oils with no change to the production process. BIOX's high quality biodiesel fuel meets both North American (ASTM D-6751) and European (EN 14214) quality standards. BIOX is Canada's largest biodiesel producer and is focused on building, owning and operating a network of commercial scale biodiesel production facilities, utilizing it's proprietary and patented process technology capable of producing the highest quality, renewable, clean burning and biodegradable biodiesel fuel in jurisdictions where clearly defined renewable fuel standards policies exist.
For additional information on this transaction please contact Ron Schmeichel, President & CEO or Jordan Kupinsky, Managing Director of JJR Capital Corp at (416) 972-9993.
TORONTO, Nov. 27 - JJR Capital Corp announces the reverse take over acquisition of Biox Corp of Oakville, Ontario Canada in a deal valued at $100mm together with the close of a $50mm equity financing.
TORONTO, HONG KONG, PEOPLES REPUBLIC OF CHINA- Sept. 30, 2009 - JJR Capital Corp announces the completion of a reverse take over acquisition of Sino Vanadium Corp. (SVX:TSXV), a mining exploration company developing the world-class Daquan vanadium deposit in Central China.
TORONTO, May 1 - JORDAN M. KUPINSKY JOINS JJR CAPITAL CORP. AS A MANAGING DIRECTOR
Barry Critchley, Financial Post • Oct. 06, 2011
The stage has been set for the return of Steve Hudson, one of the founders of Newcourt Credit Group, to the public capital markets.
Mr. Hudson, who organized the sale of Newcourt to CIT a decade ago, will be in the public markets again, thanks to Mira 11 Acquisition Corp., a capital pool company listed on the TSX Venture Exchange, entering a letter of intent to acquire Element Financial Corp., an equipment leasing company that Mr. Hudson set up two years ago. The deal will be done by way of a reverse takeover with the now private Element ending up as the resulting public company. (read full news release)
OCTOBER 5, 2011. JJR CAPITAL ANNOUNCED PROPOSED QUALIFYING TRANSACTION OF MIRA II ACQUISITION CORP. WITH ELEMENT FINANCIAL CORPORATION
Mira II Acquisition Corp. has entered into a letter of intent dated Oct. 4, 2011, with Element Financial Corp. to complete a going public transaction for Element by way of a reverse takeover of Mira II, a capital pool company listed on the TSX Venture Exchange. The proposed transaction will be conducted by way of an amalgamation under the Business Corporations Act (Ontario) pursuant to which Element will combine its corporate existence with Mira II, with the amalgamated entity being named Element Financial Corp.
Element is an independent finance company that originates, manages and finances equipment leases. Element specializes in providing equipment financing in Canada to owner/operators, as well as to small- and medium-sized businesses. Element originates the vast majority of its equipment financings through its employee sales force, who focus on equipment vendors and direct equipment users. In conjunction with, or prior to the closing of, the proposed transaction, Element intends to complete a brokered private placement co-led by GMP Securities LP, Barclays Capital Canada Inc. and BMO Capital Markets and including CIBC World Markets Inc. and National Bank Financial Markets of subscription receipts. It is contemplated that the subscription receipts issued pursuant to the private placement will ultimately be convertible or exchangeable into freely tradeable common shares of the resulting issuer.
Melnyk's next big move – Merger of JJR and Trimel BioPharma
Barry Critchley, Financial Post • Feb. 25, 2011
He did it once and turned Biovail Corp. into one of the country's largest specialty pharmaceutical companies and along the way attracted attention from investors, customers - and the regulators.
Now Eugene Melnyk is back, hoping to create the next Biovail. J5 Acquisition Corp., a capital pool company, announced a letter of intent with Trimel BioPharama Holdings Inc., the private company Melnyk set up in 2008. If things work out as planned, J5 will merge with Trimel, Trimel will also do a private round of equity financing and Trimel will be the resulting public company. (read full news release)
JJR AND TRIMEL BIOPHARMA HOLDINGS INC. ANNOUNCE A PROPOSED QUALIFYING TRANSACTION
JJR Capital Corp is pleased to announce that J5 Acquisition Corp., together with its wholly owned subsidiary incorporated under the laws of Barbados, J5 (Barbados) Inc., entered into a definitive agreement to amalgamate with Trimel BioPharma Holdings Inc. dated March 2, 2011, to complete an arm's-length qualifying transaction with Trimel. Under the proposed transaction, J5 will acquire all of the issued and outstanding common shares of Trimel, such that Trimel will become a wholly owned subsidiary of J5. The amalgamation agreement will be made available on SEDAR. The resulting issuer will apply to the Toronto Stock Exchange to have its common shares listed for trading immediately following the proposed transaction. (read full news release)
JJR ANNOUNCES THE QUALIFYING TRANSACTION WITH ATLAS
JJR Capital Corp is pleased to announce that JJR VI Acquisition Corp. completed its qualifying transaction in the way of merger dated Dec. 14, 2010, among Atlas Acquisition Corp., a Delaware corporation and wholly owned subsidiary of JJR VI, Kingsway Financial Services Inc. (KFS), an Ontario corporation, and American Insurance Acquisition Inc. (AIAI), a Delaware corporation which is an indirect wholly owned subsidiary of KFS. Pursuant to the merger agreement, Atlas merged with and into AIAI, and AIAI, as the surviving company, became a subsidiary of JJR VI, which is known as Atlas Financial Holdings Inc. (read full news release)
JJR and Kingsway Financial announce a proposed transaction of its American Specialty Commercial Auto Insurance divisions
JJR Capital Corp is pleased to announce that JJR VI Acquisition Corp. and Kingsway Financial Services Inc. have entered into a letter of intent dated May 26, 2010, to complete a going-public transaction by Kingsway's subsidiaries, American Country Insurance Co. (ACIC) and American Service Insurance Co. (ASI) by way of a reverse takeover of J6, a capital pool company listed on the TSX Venture Exchange, in a transaction valued at over $80-million (U.S.).
Founded in 1925 to sell insurance for taxi cabs, ACIC is one of the oldest insurers of U.S. taxi and livery business. For more than 75 years, ACIC expanded its expertise in this and other areas of specialty commercial automobile insurance. In 1983, ASI began as a non-standard personal and commercial auto insurer writing business in the Chicago, Ill., area. For over 25 years, ASI developed expertise in the area of specialty auto insurance. Both companies distribute their insurance products through a network of retail independent agents. Together, ACIC and ASI are currently licensed to write property and casualty insurance in 47 states in the United States. (read full news release)
JJR announces reverse merger acquisition with Riverbank Power in a transaction valued in excess of $120MM
JJR Capital Corp is pleased to announce that J5 Acquisition Corp. has entered into a letter of intent dated May 14, 2010, with Riverbank Power Corp. to complete a going public transaction for Riverbank by way of a reverse take over of J5, a capital pool company listed on the TSX Venture Exchange.
Riverbank is a hydroenergy company the goal of which is to become a leader in the production and storage of power. Riverbank is rapidly assembling a global portfolio of hydro assets, highlighted by a core group of producing facilities and a broad pipeline of later stage, permitted development projects. Riverbank is led by a proven energy developer, John Douglas, who co-founded Ventus Energy Inc. in 2004 to develop wind farms in Canada, which was acquired by GDF Suez for $140-million in 2007. Mr. Douglas also co-founded Transmission Developers Inc., which is developing the Champlain-Hudson Power Express, an innovative underwater high-voltage direct current (HVdc) transmission cable between Montreal and New York.
Symbiotics, a prominent hydro developer with over 30 years of experience licensing hydro projects in the United States, has been developing low-impact hydroelectric projects since 2001 to meet growing demand for renewable energy. Symbiotics specializes in run-of-river retrofit and closed loop pumped storage projects and was formed by merging the resources and expertise of two successful companies: Ecosystems Research Institute and Northwest Power Services. (read full news release)
JJR Completes Biox Acquisition
March 2, 2010 - JJR Capital Corp. is pleased to announce that JJR IV Acquisition Inc. (JJR) has completed the reverse merger transaction with BIOX Corporation ("BIOX") (TSX: BX), in a transaction valued at over $100MM. BIOX is a renewable energy company that designs, builds, owns and operates biodiesel production facilities, including a biodiesel production facility in Hamilton, Ontario, Canada with a nameplate capacity of 67 million litres per year. BIOX has an innovative, proprietary and patented production process that is faster and achieves higher yields than competing methods of biodiesel production, while utilizing a variety of feedstocks - from pure seed oils to animal fats to recovered vegetable oils with no change to the production process. BIOX's high quality biodiesel fuel meets both North American (ASTM D-6751) and European (EN 14214) quality standards. BIOX is Canada's largest biodiesel producer and is focused on building, owning and operating a network of commercial scale biodiesel production facilities, utilizing it's proprietary and patented process technology capable of producing the highest quality, renewable, clean burning and biodegradable biodiesel fuel in jurisdictions where clearly defined renewable fuel standards policies exist.
For additional information on this transaction please contact Ron Schmeichel, President & CEO or Jordan Kupinsky, Managing Director of JJR Capital Corp at (416) 972-9993.
TORONTO, Nov. 27 - JJR Capital Corp announces the reverse take over acquisition of Biox Corp of Oakville, Ontario Canada in a deal valued at $100mm together with the close of a $50mm equity financing.
TORONTO, HONG KONG, PEOPLES REPUBLIC OF CHINA- Sept. 30, 2009 - JJR Capital Corp announces the completion of a reverse take over acquisition of Sino Vanadium Corp. (SVX:TSXV), a mining exploration company developing the world-class Daquan vanadium deposit in Central China.
TORONTO, May 1 - JORDAN M. KUPINSKY JOINS JJR CAPITAL CORP. AS A MANAGING DIRECTOR
