Jaguar Announces Investment in Added Capital Inc. and Change of Auditor

August 20, 2014 8:57 AM EDT | Source: Jaguar Financial Corporation

Toronto, Ontario--(Newsfile Corp. - August 20, 2014) - Jaguar Financial Corporation (TSXV: JFC) ("Jaguar" or the "Company") announced its purchase of 1,000,000 units ("Units") of Added Capital Inc. ("Added") at $0.05 per Unit, representing 15.8% of Added’s total issued shares on an undiluted basis and 27.4% of Added’s total issued shares assuming exercise of the Warrants. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable at a price of $0.05 per share and expires on August 20 2019.

Vic Alboini, Chairman and Chief Executive Officer of the Company and Added purchased 500,000 Units of Added. Prior to the transaction, Mr. Alboini owned 1,263,839 common shares representing approximately 28.5% of the then issued and outstanding common shares. After the transaction, Mr. Alboini owned 27.9% of Added’s total issued shares on an undiluted basis and 33.2% of Added’s total issued shares assuming exercise of his Warrants.

Mr. Alboini together with Jaguar owns or has control or direction over 2,763,889 common shares representing approximately 43.8% of the issued and outstanding Common Shares of Added on an undiluted basis and 4,263,839 common shares representing approximately 54.6% of the issued and outstanding Common Shares of Added assuming exercise of the 1,500,000 Warrants owned by them. Mr. Alboini and Jaguar acquired the securities for investment purposes.

Mr. Alboini and Jaguar may, directly or indirectly, depending on market and other conditions, acquire beneficial ownership of, control or direction over, additional common shares, through market transactions, private agreements or otherwise. Mr. Alboini and Jaguar may, depending on market and other conditions, sell any or all of the common shares.

The Financing is subject to approval from the TSX Venture Exchange. All Units issued will be subject to a four-month hold period ending December 21, 2014.

The Company also announces that McGovern, Hurley, Cunningham, LLP has been appointed the Company's auditor in place of Grant Thornton LLP. The former auditor and new auditor confirm that there are no disagreements or unresolved issues.

The resignation of Grant Thornton LLP and the recommendation to appoint McGovern, Hurley, Cunningham, LLP has been approved by the Board of Directors of the Company.

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
647 352-8180

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