TORONTO, Sept. 15 /CNW/ - Vic Alboini, Chairman and Chief Executive
Officer of Jaguar Financial Corporation ("Mr. Alboini" and "Jaguar"),
announced the purchase of an aggregate of 2,636,000 common shares ("Common
Shares") of Jaguar (TSX: JFC) on September 12, 2008.
Mr. Alboini acquired, directly and indirectly, ownership and control or
direction over an aggregate of 2,636,000 common shares of Jaguar, representing
approximately 2.5% of Jaguar's total issued shares. 144,050 of the 2,636,000
Common Shares are held in the RRSP of Mr. Alboini's wife, Lesley Alboini, and
182,690 of the 2,636,000 Common Shares are held by Stature Inc., an investment
company owned by Mr. Alboini.
Mr. Alboini is the Chairman and Chief Executive Officer of Northern
Financial Corporation ("Northern"), which owns 13,544,315 Common Shares
representing approximately 12.6% of the issued and outstanding Common Shares.
The Common Shares acquired, together with the Common Shares of Jaguar
owned or controlled by Mr. Alboini and Northern prior to the transactions,
resulted in Mr. Alboini and Northern owning or controlling 8,381,571 and
13,544,315 Common Shares of Jaguar, respectively, representing approximately
7.8% and 12.6% of the currently issued and outstanding Common Shares of
Jaguar. In the aggregate, Mr. Alboini and Northern own or control 21,925,886
Common Shares of Jaguar, representing approximately 20.4%, of the issued and
outstanding Common Shares of Jaguar.
The Common Shares were acquired on the Toronto Stock Exchange for
investment purposes at an average price of $0.10 per share. Mr. Alboini and
Northern may, directly or indirectly, depending on market and other
conditions, acquire beneficial ownership of, control or direction over,
additional Common Shares, through market transactions, private agreements or
otherwise. Mr. Alboini and Northern may, depending on market and other
conditions, sell any or all of their respective Common Shares.
About Jaguar Financial Corporation
Jaguar is a Canadian merchant bank that invests in undervalued small
capitalization 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.
For further information:
For further information: Kyler Wells, General Counsel & Corporate
Secretary, (416) 644-8177