Jaguar Financial Inc.

Jaguar Financial Inc.

November 02, 2007 10:55 ET

Jaguar Announces Sale of Century Shares and Rand Shares

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2007) - Jaguar Financial Inc. ("Jaguar" or the "Company") (TSX:JFI) today announced that the sale of its shares in Century II Holdings Inc. ("Century") and Rand A Technology Corporation ("Rand") was completed on November 1, 2007.

Jaguar sold 2,300,507 Century shares for gross proceeds of $23,465,171. Jaguar realized a profit on the Century sale of $10,216,257. Jaguar sold 3,278,600 shares of Rand for gross proceeds of $6,885,060 and realized a profit of $605,230. Substantially all of the total profit of $10,821,487 from the Century and Rand sales were recognized in Jaguar's third quarter results released on October 29, 2007.

The Company has approximately $34.2 million in net cash and investments or approximately $0.32 per issued share. The Company has 108,096,432 issued shares.

About Jaguar

Jaguar is a Canadian merchant bank that invests in undervalued small capitalization companies in a variety of industry sectors.

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.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Jaguar Financial Inc.
    Vic Alboini
    Chairman and Chief Executive Officer
    (416) 644-8110