JJR VI Acquisition Corp. announces results of shareholder meeting
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES./
TSX VENTURE EXCHANGE: JVI.P
TORONTO, Aug. 20 /CNW/ - Further to press releases dated July 27, 2010 and May 26, 2010, JJR VI Acquisition Corp. ("JJR VI") announces, that in connection with the previously announced transaction whereby JJR VI would acquire all of the issued and outstanding shares of American Insurance Acquisition Inc., a wholly-owned subsidiary of Kingsway Financial Services Inc. (the "Qualifying Transaction"), that it has received shareholder approval for the following matters to take effect in connection with or upon the completion of the Qualifying Transaction: (i) the stock option plan, (ii) the change of the name of JJR VI to Atlas Financial Holdings, Inc., (iii) the consolidation of the common shares in the capital of JJR VI on the basis of a ratio within the range of one post-consolidation common share for every fifteen pre-consolidation common shares (15:1) to one post-consolidation common share for every twenty-five pre-consolidation common shares (25:1), (iv) the continuance of JJR VI from Ontario to the Cayman Islands, (v) the appointment of KPMG LLP as the auditors of the resulting issuer, and (vi) the election of James Estey, John Fitzpatrick, Jordan Kupinsky, Larry Swets, Jr. and Scott Wollney as directors of the resulting issuer.
Completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, execution of the definitive agreement in respect of the Qualifying Transaction and regulatory approvals, including applicable insurance regulatory authorities, the Toronto Stock Exchange and/or TSX Venture Exchange. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon.
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 TSX Venture 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.
For further information:
Jordan Kupinsky, Director of JJR VI at 416-972-6574
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