Juno Special Situations Corporation

Juno Special Situations Corporation

February 20, 2008 08:00 ET

Scott Hand Appointed Co-Chairman of Juno Special Situations Corporation

TORONTO, ONTARIO--(Marketwire - Feb. 20, 2008) -

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Juno Special Situations Corporation ("Juno" or "Company") is pleased to announce that Scott Hand has been appointed a director and Co-Chairman of the Company.

Mr. Scott Hand was the Chairman and Chief Executive Officer of Inco Limited ("Inco") from April 2002 and he retired from Inco in January 2007. Prior to that, he was the President of Inco and held positions in Strategic Planning, Business Development and Law. Inco has been a major global Canadian-based resources enterprise and a leading producer and marketer of nickel and other metals. Mr. Hand serves on the boards of Manulife Financial Corporation and Fronteer Development Group and a number of not-for-profit institutions, including the Ontario Heritage Trust and the World Wildlife Fund Canada. Mr. Hand received a JD from Cornell University and a BA from Hamilton College.

"We are fortunate to have someone with Scott's skills and industry background joining Juno in a senior capacity" says Mr. A. Thomas Griffis, Co-Chairman and Chief Executive Officer of Juno. "Our ability to bring our company to the attention of those junior and pre-IPO mining resource companies looking for financial partners has been greatly enhanced. Scott's role within Juno will be to assist management in sourcing and selecting investment opportunities throughout the world. We believe that he will make an outstanding contribution to a growing and ever successful company."

"I am pleased to join the professional and dedicated team at Juno who have a strong and well-defined business plan in the growing market of minerals resource opportunities" Mr. Hand said. "Annual global exploration has reached new records and the opportunities that are being defined offer great potential for Juno and its shareholders. I am looking forward to supporting their success going forward."

ABOUT JUNO SPECIAL SITUATIONS CORPORATION

Juno Special Situations Corporation was formed in early 2007 for the purposes of (i) investing in early stage resource equities and (ii) creating and acquiring natural resource royalties with a specific emphasis on mineral royalties. The Company may also hold direct ownership or other interests in a resource property. The Company may hold one or more "flagship" assets and currently has a significant position in Royal Nickel Corporation, a (private) nickel development company which owns 100% of the Dumont nickel sulphide deposit in the Val D'Or/Amos mining region of Quebec.

Through the network and experience of its management team, Juno has access to many early stage equity financings of resource issuers that are not typically available to the average investor. The Company is building a portfolio of natural resource investments diversified by mineral commodity, geographic region and stage of development. Juno's first offering raised over $30 million from both institutional investors and high-net worth individuals. Juno has invested all of the net proceeds of the first offering, with the majority of the funds invested in pre-IPO companies. Juno has a portfolio of assets of early stage companies well positioned to take advantage of the commodity "super-cycle".

Contact Information

  • Juno Special Situations Corporation
    Mr. A. Thomas Griffis
    Chairman and CEO
    (416) 861-8775
    (416) 867-9320 (FAX)
    Email: tgriffis@junossc.com
    or
    Juno Special Situations Corporation
    Michael Campbell
    Executive Vice President
    (416) 861-8775
    (416) 867-9320 (FAX)
    Email: mcampbell@junossc.com
    Website: www.junossc.com
    or
    Investor contact:
    The Buick Group
    Jonathan Buick
    Toll Free: 1-877-748-0914
    Email: jbuick@buickgroup.com