TORONTO, May 16, 2014 (GLOBE NEWSWIRE) -- Jaguar Financial Corporation (TSX:JFC) ("Jaguar") announced today that it has received conditional approval for the listing of its shares on the TSX Venture Exchange. It is anticipated that the shares will commence trading on the TSX Venture Exchange on Wednesday May 21, 2014. In connection with this listing the shares will be delisted from the Toronto Stock Exchange with the last day of trading being May 20, 2014.
In connection with its application for listing on the TSX Venture Exchange Jaguar has (i) cancelled 5,000,000 of the 7,050,000 options that are currently issued and outstanding under its stock option plan and (ii) reduced the number of shares issuable under the plan to 2,050,000. In addition, Jaguar confirms that no further options will be issued under such plan until it has made those amendments that are necessary for the plan to comply with the requirements of the TSX Venture Exchange.
About Jaguar Financial Corporation
Jaguar is a Canadian merchant bank that generally invests in undervalued, overlooked and underappreciated public companies where Jaguar determines that one or more changes could be made to create shareholder value.