Richardsons acquire more of GMP Capital

James Richardson & Sons—a Canadian firm involved in financial services, real estate and investments—has purchased more than one million shares of GMP Capital since December 2011.

Read: Richardsons boost stake in GMP capital

Together, the company and its subsidiary own 13.5 million shares of GMP to date, representing almost 20% of the issued and outstanding common units. They also hold warrants to gain an additional 4 million.

The firm’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.

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