Jaguar Financial Inc.

Jaguar Financial Inc.

September 05, 2007 18:38 ET

Jaguar Financial Announces Extension of Offer to Acquire Century II Holdings Inc.

TORONTO, ONTARIO--(Marketwire - Sept. 5, 2007) - Jaguar Financial Inc. ("Jaguar" or the "Company") (TSX:JFI) announced it has extended the expiry date and time of its offer to acquire all the issued common shares of Century II Holdings Inc. ("Century") not already owned by Jaguar for $6.75 per share (the "Offer") to 5:00 p.m. on Monday September 17, 2007. A Notice of Extension was filed today and will be mailed to Century shareholders.

Prior to the initial expiry time of 5:00 p.m. today, 14,187 Century shares were tendered to the Offer. Jaguar has waived all conditions of the Offer and will proceed to take up and pay for the Century shares tendered today as soon as practicable, and in any event within three business days.

As at the close of business of the TSX today, Jaguar owned 2,279,508 Century shares, representing approximately 19.94% of the total issued and outstanding Century shares, prior to taking-up the 14,187 Century shares tendered to the Offer today. After taking up and paying for the Century shares tendered today Jaguar will own 2,293,695 Century shares, representing approximately 20.06% of the issued and outstanding Century shares.

Subject to Century and TransForce Income Fund ("TransForce") entering into a definitive agreement with respect to Century's proposed business combination with TransForce under the terms set out in Century's press release on August 29, 2007, it is Jaguar's current intention to support Century's proposed business combination with TransForce subsequent to the expiry of the Offer, subject to Jaguar and TransForce entering into an acceptable support agreement.

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