Jaguar announces acquisition of equity interest in WGI

TORONTO, Oct. 8 /CNW/ - Jaguar Financial Corporation ("Jaguar") (TSX: JFC) announced its acquisition today of 511,600 common shares of WGI Heavy Minerals, Incorporated ("WGI"; TSX: WG) representing approximately 2.1% of the total issued common shares of WGI. The WGI shares were acquired on the Toronto Stock Exchange for investment purposes at an average price of $0.355 per share. Combined with the WGI common shares previously owned, Jaguar now owns a total of 3,757,100 common shares, representing approximately 15.4% of the total issued common shares of WGI.

Jaguar believes the common shares of WGI are undervalued and wishes to assist in the enhancement of shareholder value.

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: For further information: Vic Alboini, Chairman & Chief Executive Officer, (416) 644-8110; or Kyler Wells, General Counsel & Corporate Secretary, (416) 644-8177

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Jaguar Financial Corporation

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