WINNIPEG, Dec. 18, 2013 /CNW/ - James Richardson & Sons, Limited ("JRSL") announces that it has acquired, through market purchases and through the exercise of warrants, 4,621,593 common shares of GMP Capital Inc. ("GMP") since July 10, 2012, the date it last issued an Early Warning press release.
JRSL, together with its subsidiary, Richardson Financial Group Limited ("RFG"), now owns 18,170,575 common shares of GMP, representing approximately 24.59% 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, energy, financial services, real estate and investments. www.jrsl.ca.
SOURCE: James Richardson & Sons, Limited
For further information:
please contact: 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.