CONCORD, NH, Jan. 11, 2012 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (JAG: TSX/NYSE) is pleased to provide the following update regarding the previously
announced strategic review process, which was initiated by the Board of
Directors on November 16, 2011.
At the direction of the Special Committee*, JP Morgan Securities LLC has
held various discussions with potentially interested parties to solicit
their interest regarding a potential change of control or merger
transaction with the Company. As a result of such discussions, several
parties have been identified and have executed confidentiality
agreements. These parties have access to due diligence materials and
are continuing to conduct their evaluations of the Company.
There can be no assurance that this strategic review process will result
in Jaguar entering into or consummating any change of control or merger
The Board will provide further updates to shareholders as circumstances
*The Special Committee was appointed by the Board and is chaired by Gil
Clausen and is comprised of Mr. Clausen, Gary German and John Andrews,
all independent directors of the Company.
Jaguar is a gold producer in Brazil with operations in a prolific
greenstone belt in the state of Minas Gerais. Jaguar is also engaged in
developing the Gurupi Project in the state of Maranhão. Based on its
development plans, Jaguar is one of the fastest growing gold producers
in Brazil. The Company is actively exploring and developing additional
mineral resources at its approximate 256,300-hectare land base in
Brazil. Additional information is available on the Company's website at
SOURCE Jaguar Mining Inc.
For further information:
Investors and Analysts may contact:
Vice President, Investor Relations
Members of the media may contact:
Valéria Rezende DioDato
Director of Communication