Cervus Financial Group Inc.

Cervus Financial Group Inc.

November 08, 2005 08:30 ET

Cervus Financial Group Inc. Anounces Equity Financing

TORONTO, ONTARIO--(CCNMatthews - Nov. 8, 2005) -


Cervus Financial Group Inc. (TSX:CFG) announced today that it has entered into an engagement agreement with a syndicate led by Desjardins Securities Inc., and including Blackmont Capital Inc., to act as its advisor in connection with a proposed private placement of up to approximately 10 million common shares. The private placement is subject to approval by the Toronto Stock Exchange. It is expected that the proceeds of the offering, if completed, would be used for general corporate purposes and balance sheet enhancement.

This press release may contain "forward looking statements" subject to various significant risks and uncertainties which may cause actual results, performance, or achievements of Cervus to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such risk factors include, but are not limited to, risks associated with mortgage broker volumes, general level of interest rates, availability of external financing, availability of cash flow, general uninsured losses, tax related matters, Shareholder liability, potential dilution, and reliance on key personnel. Cervus cannot assure investors that actual results will be consistent with these forward looking statements and Cervus assumes no obligation to update or revise them to reflect new events or circumstances.

The units being offered have not been, and will not be, registered under the U.S. Securities Act of 1933 and state securities laws. Accordingly, the units may not be offered or sold to U.S. persons except pursuant to applicable exemptions from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

The Toronto Stock Exchange neither approves nor disapproves of the contents of this Press Release.

Contact Information

  • Cervus Financial Group Inc.
    Gary Bartholomew
    Chief Executive Officer
    (416) 861-1315
    (416) 861-8484 (FAX)