TORONTO, Jan. 2 /CNW/ - Jaguar Financial Inc. ("Jaguar" or the "Company")
(TSX: JFI) announced its acquisition of an additional 2,011,000 common shares
of Royal Laser Corp. ("Royal Laser"; TSX: RLC) representing approximately 2.0%
of the total issued common shares of Royal Laser since its press release on
December 7, 2007. The Royal Laser shares were acquired on the Toronto Stock
Exchange for investment purposes. Combined with the Royal Laser common shares
previously owned, Jaguar now owns a total of 12,202,000 common shares,
representing approximately 12.15% of the total issued common shares of Royal
Jaguar believes the common shares of Royal Laser are undervalued and
wishes to assist in the enhancement of shareholder value. Jaguar also owns
19.7% of the common shares of Added Capital Corp. ("Added"), which wholly owns
Lakeside Steel Corporation ("Lakeside"). Jaguar believes there may be
strategic opportunities between Royal Laser and Lakeside, including the
possibility of a business combination between the companies. Jaguar may,
depending on market and other conditions, acquire additional common shares of
Royal Laser, through market transactions, private agreement or otherwise.
Jaguar may, depending on market or other conditions, sell any or all of its
common shares of Royal Laser.
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: Vic Alboini, Chairman and Chief Executive
Officer, (416) 644-8110