Jaguar Financial Corporation (TSX: JFC) announced its acquisition of an additional 1,647,000 common shares of Virtek Vision International Inc. ("Virtek"; TSX: VRK) representing approximately 4.9% of the total issued common shares of Virtek.
The Virtek shares were acquired on the Toronto Stock Exchange for investment purposes at an average price of $0.947 per share. Combined with the Virtek common shares previously owned, Jaguar now owns a total of 5,052,500 common shares, representing approximately 15.1% of the total issued common shares of Virtek.
Jaguar believes the common shares of Virtek are undervalued and wishes to assist in the enhancement of shareholder value. Jaguar believes that the strategic initiative announced by Virtek on August 4, 2008, does not provide adequate value to Virtek's shareholders. -- www.cnxmarketlink.com
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
