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Junior Capital Pool
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A junior capital pool (JCP) is a type of corporate structure which allows a company to issue stock to the public without specifying how the funds will be used. The purpose of a junior capital pool is to provide an easy way for start-up companies to raise capital from the public. Under a junior capital pool corporate start-up plan, the principals of a company must invest a minimum of $100,000 into the company before the junior capital pool can offer shares to the public. The concept for the junior capital pool originated in Alberta, Canada, primarily due to wide-spread speculation regarding the area's oil reserves, and, by its very nature, a junior capital pool corporation is considered a risky investment by most investors. The junior capital pool concept is only legal in the country of Canada.
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