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
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.
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.
SOURCE: Jaguar Financial Corporation
For further information:
145 King Street West, Suite 2020, Toronto, Ontario M5H 2Y4
Chairman and Chief Executive Officer