Issuer bid JFC will likely make a normal course issuer bid (see the following news), i.e. purchasing up to a maximum 5,455,191 shares by the end of November 26, 2015. The shares will be purchased in the open market, and all purchased shares are to be cancelled. If this happens, the share price will spike. Let’s just watch. Cheers.
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Jaguar Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - November 21, 2014) - Jaguar Financial Corporation (TSXV: JFC) ("Jaguar") or the "Company") announces that it has been authorized by the TSX Venture Exchange ("TSXV") to make a normal course issuer bid. Jaguar intends to purchase from time to time, if and to the extent considered advisable, up to a maximum 5,455,191 common shares out of the total 109,103,832 issued and outstanding on November 21, 2014. The number of shares proposed to be acquired represents approximately 5% of the total number of the issued and outstanding common shares. The bid will commence on November 27, 2014 and end on November 26, 2015.
The shares will be purchased in the open market through the facilities of the TSXV. The purchased shares are to be cancelled. All purchases are to be settled in accordance with normal settlement procedures of the TSXV. Purchases pursuant to the bid will be made by Richardson GMP Limited on behalf of Jaguar. Jaguar believes that, at certain times, the market price of its common shares may not adequately reflect the value of its business. As a result, Jaguar believes that its outstanding common shares may, at such times, represent an appropriate and desirable use of its available funds.