Jaguar Announces Resumption of Stock Option Plan and Adoption of Advance Notice By-Law

December 10, 2014 4:30 PM EST | Source: Jaguar Financial Corporation

Toronto, Ontario--(Newsfile Corp. - December 10, 2014) - Jaguar Financial Corporation (TSXV: JFC) ("Jaguar" or the "Company") announces that the Company's stock option plan (the "Plan") has been approved by the TSX Venture Exchange ("TSXV"). In May, 2014 in connection with its TSXV listing, the Company announced that it had suspended the plan subject to amendments necessary to comply with the requirements of the TSXV. The Plan is a fixed plan where up to 10,910,383 options, or 10% of the outstanding issue are available for issuance. There are currently 1,800,000 options outstanding.

The Company also announces that its board of directors (the "Board") has adopted an amendment to the Company's By-laws, introducing an advance notice requirement in connection with shareholders intending to nominate directors in certain circumstances (the "By-law"). The By-law fixes a deadline by which shareholders must submit a notice of director nominations to the Company prior to any annual general or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for it to be valid.

The By-Law is effective immediately and will remain in effect until it is confirmed, confirmed as amended or rejected by shareholders at the next annual shareholder meeting. A copy of the Bylaw has been filed on Sedar.

The Company believes that adopting the By-Law is considered to be good corporate governance as it provides a clear and transparent process for all shareholders to follow if they intend to nominate directors and it ensures that all shareholders receive adequate notice of director nominations with sufficient information with respect to all nominees. This allows the Company and its shareholders to evaluate the proposed nominees' qualifications and suitability as directors, which further allows shareholders to cast an informed vote for the election of directors.

The adoption of the By-Law is subject to final TSXV approval.

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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