Toronto, Ontario--(Newsfile Corp. - January 13, 2016) - Jaguar Financial Corporation (TSXV: JFC) ("Jaguar") or the "Company") 25 King Street West, Suite 1450, Toronto, Ontario M5L 2A1 announced it has acquired, through purchases on the TSX Venture Exchange, an additional 1,000 common shares of Alternative Earth Resources Inc. ("Alternative Earth") (TSXV: AER) at a price of $0.065 per share for an aggregate purchase price of $65. After giving effect to this purchase of common shares, Jaguar owns in the aggregate 4,720,670 common shares of Alternative Earth, representing approximately 18.90% of the common shares outstanding.
In addition, Ken White ("White") owns 140,850 common shares of Alternative Earth and is acting jointly and in concert with Jaguar. Therefore Jaguar and White (collectively the "Joint Actors"), directly own an aggregate of 4,861,520 common shares of Alternative Earth, representing approximately 19.46% of the total outstanding common shares.
Jaguar is interested in creating value for the shareholders of Alternative Earth. Jaguar commenced civil proceedings against Alternative Earth and its directors which resulted in the termination of the Black Sea Transaction proposed by Alternative Earth. Jaguar will seek to elect its three nominee directors on the board of Alternative Earth at the annual meeting of shareholders to be held on February 26, 2016. The Joint Actors may acquire additional common shares of Alternative Earth or sell any of its common shares, by private agreement, in the market or otherwise, depending on price, availability and general market conditions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
For additional information on this press release, please contact:
Vic Alboini, Chairman & Chief Executive Officer
Jaguar Financial Corporation