JAGUAR ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, June 29, 2011 /CNW/ - Jaguar Financial Corporation ("Jaguar") (TSX: JFC) today announced that, pursuant to a normal course issuer bid, it intends to purchase a maximum of 8,081,616 of its common shares, being approximately 10% of the public float. As at June 9, 2011, Jaguar had 107,852,330 common shares issued and outstanding. Purchases may commence on July 4, 2011, and will terminate no later than July 3, 2012.

Purchases of the common shares will be effected through the facilities of the Toronto Stock Exchange. The purchase and payment for the common shares purchased will be made by Jaguar in accordance with the requirements of the Toronto Stock Exchange and the price which Jaguar will pay for any such common shares will be the market price of such common shares at the time of acquisition. Common shares purchased pursuant to the bid will be cancelled.

The average daily trading volume of Jaguar's common shares for the six months ended May 31, 2011, excluding purchases made by Jaguar under its previous normal course issuer bid during that period, was 59,910. Other than block purchase exceptions, Jaguar will not purchase in any trading day more than 14,977 common shares, being the greater of (i) 25% of the average daily trading volume of the common shares or (ii) 1,000 common shares.

Jaguar will make no purchases of common shares other than open market purchases and shares purchased by Northern Financial Corporation during the term of Jaguar's normal course issuer bid, if any, shall count towards the maximum number of common shares Jaguar may purchase under the normal course issuer bid.

Jaguar believes that, at certain times, the market price of its common shares may not adequately reflect the value of its business and its future business prospects.  As a result, Jaguar believes that its outstanding common shares may, at such times, represent an attractive investment and an appropriate and desirable use of its available funds.

No director or senior officer of Jaguar intends to sell common shares of Jaguar during the period of this Notice. To the knowledge of Jaguar, no associate of a director or senior officer of Jaguar, and no person acting jointly or in concert with Jaguar and no person holding ten (10%) percent or more of any class of equity securities of Jaguar intends to sell common shares of Jaguar during the period of this Notice.

During Jaguar's previous normal course issuer bid which expired on June 6, 2011, Jaguar purchased an aggregate of 415,500 common shares at an average price per share of $0.08055.

About Jaguar Financial Corporation

Jaguar is a Canadian merchant bank that invests in undervalued small and mid-cap companies in a variety of industry sectors.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under Jaguar's control which may cause actual results, performances or achievements of Jaguar to be materially different from those implied by such forward looking statements.

SOURCE Jaguar Financial Corporation

For further information:

Vic Alboini, Chairman & Chief Executive Officer
416.644.8110

- or -

Kyler Wells, Senior Vice President and General Counsel
416.644.8177

Profil de l'entreprise

Jaguar Financial Corporation

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.