Jaguar Financial Corporation (TSX:JFC) and Cinnamon Investments Limited made an offer to acquire the remaining 93.59% of Galvanic Applied Sciences Inc. (TSXV:GAV) from The Jerry Zucker Revocable Trust, 631866 Alberta Ltd., The Article 6 Marital Trust and other shareholders for CAD 31.4 million in cash on August 1, 2013. Jaguar and Cinnamon will offer CAD 2 for each share of Galvanic. Jaguar Financial and Cinnamon Investments already owns 1.07 million shares of Galvanic Applied Sciences. The transaction will be financed through a credit facility provided by Romspen Investment Corporation. Jaguar anticipates that its formal offer and take-over bid circular will be mailed to Galvanic shareholders on or about August 14, 2013. The offer is subject to various conditions including the Article 6 Marital Trust terminating the lock-up agreement dated March 28, 2013 with Right Lane Capital LLC and tender its Galvanic shares to the offer, a minimum of two-thirds of the outstanding Galvanic shares being deposited under the offer and not withdrawn and Galvanic have a minimum of CAD 9 million in cash and cash equivalents at the expiry date of the offer which amount shall be comprised of not less than CAD 8 million in cash with the balance in cash equivalents. Concurrently with take-up and payment for the Galvanic common shares,the Directors of Galvanic will resign and Timothy Briglin, Drew Sawyer, Eric Mara and Jorge Calderon, Directors of Jaguar will be appointed as Directors of Galvanic. Jaguar intends to complete a subsequent acquisition transaction prior to the end of September 2013.