WINNIPEG, March 19 /CNW/ - James Richardson & Sons, Limited ("JRSL") announces that it has acquired, through market purchases, 1,480,100 common shares of GMP Capital Inc. ("GMP"). All trades took place through the facilities of the Toronto Stock Exchange.
JRSL, together with its subsidiary, Richardson Financial Group Limited ("RFG"), now owns 9,359,982 common shares of GMP, representing 12.82% of the issued and outstanding common shares of GMP.
JRSL's interest in GMP is for investment purposes only. Other than RFG, JRSL does not act jointly or in concert with any person or company in respect of ownership of securities of GMP. JRSL reserves the right to purchase additional securities of GMP as market opportunities exist or develop.
The contents of this news release and its distribution have been approved by Michael E. Guttormson, Vice President and General Counsel of JRSL.
GMP common shares are listed for trading on the TSX under the symbol "GMP".
About James Richardson & Sons, Limited
James Richardson & Sons, Limited, established in 1857, is a privately-owned Canadian corporation. Headquartered in Winnipeg, the Firm is involved in the international grain trade and agri-foods business, real estate, energy, financial services and investments. www.jrsl.ca.
SOURCE JAMES RICHARDSON & SONS, LIMITED
For further information: For further information: Michael E. Guttormson, Vice President and General Counsel of James Richardson & Sons, Limited., 30th Floor, One Lombard Place, Winnipeg, Manitoba, R3B 0Y1, telephone: (204) 953-7952