Jaguar Financial Corporation: Purchase of Additional Shares of Jaguar
September 19 2012 - 6:10PM
PR Newswire (Canada)
TORONTO, Sept. 19, 2012 /CNW/ - Vic Alboini (the "Offeror")
announced his purchase through the facilities of the Toronto Stock
Exchange of 1,702,000 common shares at a price of $0.05499 per
share on April 20, 2012 and 939,000 common shares on September 17,
2012 at a price of $0.025 per share. These two purchases bring the
number of common shares owned or over which the Offeror has control
or direction to 15,700,571 representing approximately 14.4% of the
total issued and outstanding common shares of Jaguar Financial
Corporation ("Jaguar"). Northern Financial Corporation
("Northern"), an entity of which the Offeror is the Chairman and
Chief Executive Officer, owns 11,210,315 common shares of Jaguar
representing approximately 10.3% of the common shares of Jaguar.
Although there is no agreement between the Offeror and Northern,
the parties are treated as acting jointly and in concert with
regard to their respective ownership of common shares of
Jaguar. The Offeror and Northern collectively own a total of
26,910,886 common shares of Jaguar representing approximately 24.6%
of the total issued common shares of Jaguar. In addition, the
Offeror has vested options to acquire 6,200,000 treasury common
shares of Jaguar. The Offeror acquired the common shares for
investment purposes. The Offeror may, directly or indirectly,
depending on market and other conditions, acquire beneficial
ownership of, control or direction over, additional common shares
of Jaguar, through market transactions, private agreements or
otherwise, in accordance with applicable securities
legislation. The Offeror or Northern may, depending on market
and other conditions, sell any or all of their respective common
shares. The purchases were made in reliance on the exemption from
the take-over bid requirements contained in section 100 of the
Securities Act (Ontario) and section 6.1 of Multilateral Instrument
62-104. About Jaguar Jaguar is a Canadian merchant bank that
invests in undervalued small capitalization companies in a variety
of industry sectors. The securities of Jaguar Financial Corporation
are listed on the TSX under the symbol "JFC". The Toronto Stock
Exchange does not accept responsibility for the adequacy or
accuracy of this news release. Jaguar Financial Corporation
CONTACT: Vic Alboini145 King Street West, Suite 2020, Toronto,
Ontario M5H 2Y4Chairman and Chief Executive Officer(416) 644-8110
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