Winnipeg-based Richardson & Sons, Ltd. (JRSL) said Tuesday that it has acquired 1,338,400 common shares of Toronto-based GMP Capital Inc. since Dec. 2, 2011.
JRSL, together with its subsidiary, Richardson Financial Group Ltd. (RFG), now owns 13,548,982 common shares of GMP, representing 19.35% of the issued and outstanding common shares of GMP. In addition, JRSL and RFG own warrants to acquire an additional 4,231,593 common shares of GMP which, if exercised, would result in JRSL and RFG owning 23.94% of the then outstanding common shares.
GMP (TSX:GMP) is a diversified financial services firm headquartered in Toronto, Canada, providing a wide range of financial products and services to a client base that includes corporate clients, institutional investors and high-net-worth individuals.