Junior Capital Pool (JCP)
What it is:
A juniorpool is a Canadian entity that goes public before going into business.
How it works (Example):
Let's say Company XYZ has a new design for widgets. It has not produced anything beyond a prototype, and it needs capital pool, whereby the founders invest several hundred thousand dollars of their own in order to make the company large enough to get a listing on the Toronto Exchange and to the public.to go into production. Accordingly, it establishes a junior
Though Company XYZ plans to use the funds to junior capital pool investors.to lease factory space, hire employees and build an infrastructure, it does not have to detail the exact use of its