Jovian Capital Corp. today announced that it has closed its previously announced private placement financing.

The private placement covered 21 million common shares at a price of 85¢ per share with a hold period expiring April 24, 2006.

Jovian’s agents on the offering, Genuity Capital Markets and MGI Securities Inc., have been granted an option expiring on Jan. 31, 2006, to increase the size of the offering by up to an additional 8,411,764 common shares.

The proceeds of the private placement will be used for future acquisitions, existing debt obligations and internal growth opportunities within the organization.

Jovian is a management and holding company with interests in a variety of financial service firms specializing in wealth and asset management.