JRSL increases holdings of GMP

By Staff | January 31, 2011 | Last updated on January 31, 2011
1 min read

James Richardson & Sons has announced its acquisition of 323,400 common shares of GMP Capital and 1,816,231 warrants to acquire common shares of GMP, since August 24, 2010. The common shares were acquired through the Toronto Stock Exchange and the warrants purchased in a private transaction.

James Richardson & Sons, along with its subsidiary, Richardson Financial Group now owns 15.32% of the issued and outstanding common shares of GMP. If the warrants are exercised JRSL and Richardson Financial would own 17.38% of the then outstanding common shares.

“JRSL’s interest in GMP is for investment purposes only. Other than RFG, JRSL does not act jointly or in concert with any person or company in respect of ownership of securities of GMP. JRSL reserves the right to purchase additional securities of GMP as market opportunities exist or develop,” JSRL said in a press release.

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.