TORONTO, Aug. 27 /CNW/ - Jaguar Financial Corporation ("Jaguar")
(TSX: JFC) announced its acquisition today of 222,500 common shares of Virtek
Vision International Inc. ("Virtek"; TSX: VRK) representing approximately 0.7%
of the total issued common shares of Virtek. The Virtek shares were acquired
on the Toronto Stock Exchange for investment purposes at an average price of
$0.90 per share. Combined with the Virtek common shares previously owned,
Jaguar now owns a total of 3,405,500 common shares, representing approximately
10.2% of the total issued common shares of Virtek.
Jaguar believes the common shares of Virtek are undervalued and wishes to
assist in the enhancement of shareholder value. Jaguar believes that the
strategic initiative announced by Virtek on August 4, 2008, does not provide
adequate value to Virtek's shareholders.
About Jaguar Financial Corporation
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: Vic Alboini, Chairman & Chief Executive
Officer, (416) 644-8110; Kyler Wells, General Counsel & Corporate Secretary,