TORONTO, ON / ACCESSWIRE / June 8, 2016 / Alternative Earth Resources Inc. AER ("AER") and Jaguar Financial Corporation JFC ("Jaguar") entered into an agreement dated June 7, 2016 that reaches a resolution of all matters in dispute between the parties. Under the arrangement, Jaguar agreed to sell its approximately 18.5% investment in AER in a private sale and AER has agreed to waive certain costs awards made in favour of AER in connection with lawsuits Jaguar conducted against AER since December 2015 and to pay Jaguar $50,000.00.
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
SOURCE: Jaguar Financial Corporation
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