TORONTO, June 27 /CNW/ - Jaguar Financial Inc. ("Jaguar") (TSX: JFI)
announced its acquisition of 65,000 common shares of Telehop Communications
Inc. ("Telehop") (TSX-V: HOP) representing approximately 0.49% of the total
issued common shares of Telehop. The Telehop shares were acquired in the
normal course on the Toronto Stock Exchange for investment purposes. The
highest price paid by Jaguar for the Telehop shares acquired today was $0.65
per share and the average price paid was $0.65 per share. Combined with the
Telehop common shares previously owned, Jaguar now owns a total of 2,354,000
common shares, representing approximately 17.6% of the total issued common
shares of Telehop.
Jaguar believes the common shares of Telehop are undervalued and wishes
to assist in the enhancement of shareholder value. Jaguar has commenced an
offer to acquire common shares of Telehop at a price of $0.50 per share dated
May 27, 2008, as updated by Notice of Change dated June 18, 2008 (the
Since commencing the Offer, Jaguar has acquired an additional 562,000
shares of Telehop at an average cost of approximately $0.67 per share.
About Jaguar Financial Inc.
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: on this press release, please contact: Kyler
Wells, General Counsel, (416) 644-8177