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Jaguar Mining Announces Non-Brokered Private Placement
Jaguar Mining Announces Non-Brokered Private Placement Canada NewsWire TORONTO, ...
About this update from Jaguar Mining Inc.
[{"type":"text","content":"\n\n\n\nJaguar Mining Announces Non-Brokered Private Placement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 5, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\nTSX:JAG\n\n\n\nTORONTO, June 5, 2017 /CNW/ - Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG) today announced its intention to complete a non-brokered private placement financing (the \"Offering\"). The Company has received Subscription Offers (\"Offers\") from a number of qualified investors.  \n\nPursuant to the Offering, the Company will issue common shares at a price of Cdn$0.44 per share for gross proceeds of approximately US$6 million. Newly issued shares will be subject to a four month hold period. The Offering is expected to close on or prior to June 15, 2017, or such other date as the Company may determine, and is subject to receipt of approval of the Toronto Stock Exchange (\"TSX\").\n\nNet proceeds from the sale of shares will be used for continuing capital investment programs, and working capital needs at the Company's Brazilian operations located in Minas Gerais, Brazil.\n\nAbout Jaguar Mining Inc. Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes, and a large land package with significant upside exploration potential from mineral claims covering an area of approximately 191,000 hectares. The Company's principal operating assets are in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caeté Gold Mine Complex (Pilar and Roça Grande mines, and Caeté Plant) which combined, produce more than 95,000 ounces of gold annually. The Company also owns the Paciência Gold Mine Complex, which has been on care and maintenance since 2012. Additional information is available on the Company's website at www.jaguarmining.com.\n\nThe common shares have not been and will...