Jaguar Financial Announces Granting of Options

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Toronto, Ontario–(Newsfile Corp. – October 9, 2020) – Jaguar Financial Corporation (TSXV: JFC.H) (“Jaguar Financial” or the “Company“) is pleased to announce that it has approved the grant of 1,010,039 stock options to purchase common shares of the Company to certain directors and officers of the Company. The options were issued with an exercise price of $0.46 per common share. The options granted to the Company’s directors and officers have a term of three years with vesting immediately. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange.

All options issued are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

Additional Information

Michael Lerner, Chief Executive Officer
Jaguar Financial Corporation
(416) 710-4906

About Jaguar Financial Corporation

Jaguar Financial is a Canadian merchant bank generally investing in companies Jaguar Financial determines to be undervalued, overlooked and underappreciated. The investments made are usually event-driven, for example, where an investment is made in a company that is the subject of a takeover bid or where some other change is initiated by a third party or a shareholder of the subject company. Jaguar Financial’s objective is to assist management of the undervalued company to create value that the market is missing.

Cautionary Statements

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.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/65629