TORONTO, Nov. 13 /CNW/ - Jovian Capital Corporation (Jovian) (JOV: TSX)
announces that it has issued a total of 2,425,000 stock options to a total of
36 individuals, comprised mostly of senior officers of Jovian's various
operating subsidiaries. These options are exercisable at a price of $0.72 per
share over five years, vesting equally over a period of three years.
"These options are a key part of Jovian's endeavour to provide the right
incentives package to attract and retain key talent and to engage our
management team as owners of our company," said Philip Armstrong, C.E.O. of
About Jovian Capital Corporation
Jovian is a publicly-traded company listed on the TSX (JOV). Jovian is a
management and holding company with interests in a variety of financial
service firms specializing in wealth(*) and asset(xx) management. The Jovian
group of companies operates as a national financial services organization with
approximately $14.6 billion of client assets ($5.4 billion in assets under
management and $9.2 billion in assets under administration).
(*) Wealth management entities include MGI Securities Inc., MGI
Securities (USA) Inc. and Rice Financial Group Inc. (xx) Asset
management entities include BetaPro Management Inc., Horizons Funds
Inc., JovFunds Management Inc., JovFunds Inc., Leon Frazer &
Associates Inc. and T.E. Wealth. Financial corporate service entities
include Felcom Data Services Inc. and Services Felcom Data (Quebec)
Inc./Felcom Data Services (Quebec) Inc.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
For further information:
For further information: Don Sangster, Investor Relations, Jovian
Capital Corporation, (416) 933-5744; and Philip Armstrong, Chief Executive
Officer, Jovian Capital Corporation, (416) 933-5752