The Financial Post reports in its Saturday edition that with Infor Financial Corp.'s plans to become the country's second special purpose acquisition company, or SPAC -- it filed documents this week to raise $100-million -- it appears more so-called blind pool opportunities are becoming available to Canadian investors. The Post's Barry Critchley writes blind pool companies refer to when a start-up raises equity capital without specifying exactly how the proceeds will be used. Instead investors place their faith in the young company's management to find an asset worth acquiring. Capital pool companies (CPCs) grew out of junior capital pools. Initially the founders put up the greater of $100,000 or 5 per cent of the total funds raised. The founders buy their shares at a lower price than the public shareholders. Once the seed round is funded, the CPC then seeks public capital in the $200,000 to $4.75-million range. Some such as Element Financial become large: In late 2011, Element Financial emerged as the qualifying transaction of Mira II Acquisition Corp. Through the reverse takeover, the CPC issues so many shares to buy the target that the shareholders of the private company end up controlling the CPC.