Jaguar Financial Corporation announced that it has agreed in principle to enter into a lock up agreement with Triple M Metal LP to tender all of the shares owned by Jaguar of Royal Laser Corp to Triple M's proposed all cash take over bid offer of approximately USD 0.46 per share for Royal Laser.

In conjunction with the Offer, it is anticipated that an estimated additional USD 970,000 (approximately USD 0.01 per Royal Laser share) will also be distributed to Royal Laser shareholders. Jaguar expects the aggregate cash consideration to be paid to Royal Laser shareholders to be approximately USD 0.47 per Royal Laser share.

Jaguar is Royal Laser's largest shareholder owning 18,234,500 Royal Laser shares and expects to enter into definitive documentation with Triple M in connection with the Lock-Up by Friday April 16, 2010.

Jaguar is a Canadian merchant bank that invests in undervalued small and mid-cap companies in a variety of industry sectors.