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| | globeandmail.com : globeinvestor.com : Jovian Closes T.E. Acquisition |
 | | TORONTO, Oct. 28 /CNW/ - Jovian Capital Corporation ("Jovian") (JVN: TSX- VEN) is pleased to announce that, effective October 27, 2003, it has closed the acquisition of all of the issued and outstanding shares of T.E. Financial Consultants Ltd. ("T.E. Financial"), a leading provider of financial services with over $1.1 billion in assets under management. |
 | | In total, Jovian acquired all 3,848,908 common shares of T.E. Financial for $7,240,645.25 in cash at closing, the issuance of 625,000 common shares of Jovian, and the Issuance of a Promissory Note in the amount of $1,160,000. |
 | | The Jovian group of companies operates as a national financial services organization with over 75 locations and more than $5.1 billion of client assets. |
| www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20040220&archive=cnw&slug=1202202431 (362 words) |
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