Jovian Capital Corp. has acquired Leon Frazer and Associates Inc. through its subsidiary, Jovian Asset Management Inc. (All firms are based in Toronto.) The transaction was completed through the purchase of all outstanding voting shares of Leon Frazer, representing roughly 16% of all shares, for approximately $3.5 million. Jovian first purchased a controlling interest in Leon Frazer in 2004. Leon Frazer is now an indirect but wholly owned subsidiary of Jovian Capital. Founded in 1939, Leon Frazer is an investment-counselling firm managing roughly $2.1 billion in client assets. The Jovian group of companies oversees about $6.7 billion in client assets.

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