Jaguar Financial Inc.

Jaguar Financial Inc.

September 17, 2007 18:09 ET

Jaguar Financial Announces Expiry of Century Offer and Support of Transforce's Acquisition of Century

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2007) - Jaguar Financial Inc. ("Jaguar") (TSX:JFI) announced that its offer to acquire all of the issued common shares of Century II Holdings Inc. ("Century") not already owned by Jaguar for $6.75 per share (the "Offer") expired today at 5:00 p.m.

Prior to today's expiry time, 6,812 additional Century shares were tendered to the Offer by Century shareholders. Jaguar previously waived all conditions of the Offer and will proceed to take up and pay for the Century shares tendered to the Offer today as soon as practicable, and in any event within three business days.

As at the close of trading of the TSX today, Jaguar owned 2,293,695 Century shares, representing approximately 20.06% of the total issued and outstanding Century shares, prior to taking up the 6,812 Century shares tendered to the Offer today. After taking up and paying for the Century shares tendered today Jaguar will own 2,300,507 Century shares, representing approximately 20.1% of the issued and outstanding Century shares.

Jaguar also announced that subsequent to the expiry of the Offer, Jaguar signed a support agreement with TransForce Income Fund ("TransForce") pursuant to which Jaguar has agreed to support TransForce's proposed acquisition of Century for $10.20 per share, as set out in Century's press release on September 14, 2007.

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