Jaguar Mining Provides Update on Sprott Facility

About this update from Jaguar Mining Inc.

[{"type":"text","content":"\n\n\n\nJaguar Mining Provides Update on Sprott Facility\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 13, 2017\n\n\n\n\n \n\nTSX:JAG\n\n \n\n\nTORONTO, June 13, 2017 /CNW/ - Jaguar Mining Inc. (\"Jaguar\" or the \"Company\") (TSX:JAG) announced today that it has closed a secured loan facility (the \"Sprott Facility\") with Sprott Private Resource Lending (Collector) LP (\"Sprott Lending\") on June 9, 2017. \n\n \n\nThe Company entered into a preliminary agreement with Sprott Lending on May 10, 2017 for an additional tranche (\"Tranche 2\") of US$5.0 million on terms substantially similar to those of the secured loan facility that Jaguar entered into with Sprott Lending on November 7, 2016 (see news release dated November 8, 2016). \n\nTranche 2 was closed on June 9, 2017, and is for a term of 36 months with an interest rate of 6.5% per annum, plus the greater of US dollar LIBOR and 1.25% per annum. In partial consideration for providing the financing commitment, the Company issued 375,000 common shares, subject to a four month hold period, to Sprott Lending on the closing date.\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 located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex (\"Mineração Turmalina Ltda\" or \"MTL\") and Caeté Gold Mine Complex (\"Mineração Serras do Oeste Ltda\" or \"MSOL\") 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\nFORWARD-LOOKING STATEMENTSCertain statements in this ...

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