Special Shareholder Meeting on March 5, 2009, to Approve Transaction
TORONTO, Feb. 9 /CNW/ - Jovian Capital Corporation ("Jovian") (TSX: JOV)
today announced its intention to seek approval to consolidate (the
"Consolidation") its issued and outstanding common shares at a ratio not to
exceed twenty (20) old common shares for one (1) new common share. Jovian
currently has 167,867,555 common shares issued and outstanding.
"Management and the Board believe that a consolidation is in the best
interests of Jovian and its shareholders," said Philip Armstrong, CEO of
Jovian. "It should lead to a more manageable share count, help to cement
Jovian's visibility as a strong financial services company, and support our
efforts to raise the investment community's awareness of Jovian and its
portfolio companies. These companies include BetaPro, one of the
fastest-growing ETFs providers in North America, Leon Frazer, which is
celebrating its 70th anniversary as a leading investment firm in Canada, T.E.
Wealth, a leading provider of financial planning and investment services to
high net worth Canadians, and MGI Wealth, which provides financial solutions
to Canadians from coast to coast."
The Consolidation is subject to the approval of the TSX and shareholders
of Jovian, which shall be sought at a special meeting of shareholders on March
For additional information regarding the Consolidation, please refer to
Jovian's Management Information Circular dated January 28, 2009, available at
www.joviancapital.com and on SEDAR at www.sedar.com.
About Jovian Capital Corporation (www.joviancapital.com)
Jovian acquires, creates and grows financial services companies
specializing in wealth and asset management. The Jovian group of companies
(AlphaPro Management Inc., BetaPro Management Inc., Horizons Funds Inc.,
JovFunds Inc., JovFunds Management Inc., JovInvestment Management Inc., Leon
Frazer & Associates Inc., MGI Securities Inc., MGI Securities (USA) Inc., MGI
Financial Inc., T.E. Wealth and Felcom Data Services Inc.) manages $12.0
billion of client assets ($5.0 billion in assets under management and $7.0
billion in assets under administration). Additional information is available
at www.joviancapital.com and www.sedar.com.
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; or Philip Armstrong, C.E.O., Jovian
Capital Corporation, (416) 933-5752