Mackie Research and Jennings Capital Join Forces

TORONTO, ONTARIO and CALGARY, ALBERTA--(Marketwired - Oct. 31, 2014) - Mackie Research Financial Corporation ("Research Financial"), the parent company of IIROC investment dealer Mackie Research Capital Corporation ("Research Capital") announces it has agreed to acquire Jennings Capital Inc. ("Jennings Capital") pursuant to the terms of a Definitive Agreement. Jennings Capital, a Wealth Management and Investment Banking firm headquartered in Calgary, Alberta, was founded in 1993 by Rob Jennings and is registered nationally with over 40 employees. Jennings Capital's established investment banking reputation in the upstream resource sector and its supporting industries will substantially enhance Research Capital's well established coverage within the international oil & gas, mining, diversified, technology and healthcare sectors. A number of Jennings Capital's senior partners will join Research Capital's leadership team, including David McGorman, (as Vice Chairman, Head of Western Canada Investment Banking), Brian Imrie (as Managing Director, Investment Banking) and, Doug Van Peteghem (as Managing Director, Sales/Trading). In addition, David Donato (former Senior Managing Director at Jennings Capital) will be joining Research Capital as Managing Director, Investment Banking. The combined capital markets platform will allow Research Capital to further increase its focus on the financing and investment needs of its clients.

The Definitive Agreement is subject to customary closing conditions, including regulatory approvals. Closing is anticipated on or about December 1, 2014.

Research Capital is one of Canada's largest privately owned full service investment firms providing innovative Wealth Management, Asset Management and Capital Markets services to our global network of investors and Canadian private and publicly listed companies, through a team of dedicated professionals in major centers across Canada.

Following completion of the transaction, the firm remains owned by its over 300 employees and retains its reputation for financial strength and continuous service to its 70,000 clients worldwide since 1921.