TORONTO, Feb. 29 /CNW/ - Jaguar Financial Inc. ("Jaguar") (TSX: JFI)
today announced that the Listings Committee of the Toronto Stock Exchange
("TSX") has confirmed that Jaguar satisfies all of the continued listing
requirements of the TSX.
As previously disclosed, the TSX had announced a deferral decision
pursuant to which Jaguar was required to demonstrate to the TSX, on or before
March 31, 2008, that it met each of the original listing requirements in
section 3.09(a) of the TSX Company Manual. Particularly, the TSX required that
Jaguar have net tangible assets of $2,000,000, earnings from operations of at
least $200,000 before taxes and extraordinary items, pre-tax cash flow of
$500,000, and adequate working capital, and satisfy other specified
On February 6, 2008, Jaguar's audited annual financial statements for the
year ended December 31, 2007 were filed on SEDAR and delivered to the TSX. As
at and for the period ended December 31, 2007, Jaguar had net tangible assets
of $31,812,095, earnings from operations of $4,518,643 before taxes and
extraordinary items, cash flow from operating activities of $6,309,432, and
working capital of $31,810,655. The TSX Listings Committee made its
determination that Jaguar satisfied all of the TSX's continued listing
requirements on the basis of these financial statements.
Vic Alboini, Chairman and Chief Executive Officer of Jaguar stated, "We
are pleased that Jaguar has satisfied the continued listing requirements of
the TSX and maintained its listing on the TSX".
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, (416) 644-8177