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JAG - TSX/NYSE Arca
CONCORD, NH, Jan. 31 /CNW/ - Jaguar Mining Inc. ("Jaguar" or "the
Company") (JAG: TSX/NYSE Arca, JAG.NT: TSX) has entered into a bought deal
financing with a syndicate of underwriters led by RBC Capital Markets to issue
8,250,000 common shares of Jaguar at Cdn$13.40 per common share for gross
proceeds of Cdn$110,550,000. In addition, Jaguar has granted the underwriters
an option, exercisable in whole or in part, up to 30 days following the
closing of the transaction to increase the offering by up to 1,237,500 common
shares at a price of Cdn$13.40 per common share, which would increase the
aggregate size of the offering to Cdn$127,132,500 if the option is fully
Proceeds of the offering will be used to fund a significant expansion of
the Company's Brazilian projects and for general corporate purposes.
The common shares to be issued under this offering will be offered by way
of a short form prospectus in all provinces of Canada and in the United States
on a private placement basis pursuant to exemptions from the registration
requirements of the United States Securities Act of 1933, as amended.
Closing of this offering is expected to occur on or about February 21,
2008 and is subject to receipt of all necessary regulatory approvals,
including the approval of the Toronto Stock Exchange and the NYSE Arca
The securities have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or any applicable exemption from the registration requirements.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy nor will there be any sale of the securities in any state in
which such offer, solicitation or sale would be unlawful.
Jaguar is one of the fastest growing gold producers in Brazil with
operations in a prolific greenstone belt in the state of Minas Gerais. Jaguar
is actively exploring and developing additional mineral resources at its
72,000 acre land base in Minas Gerais and on an additional 159,000 acres in
the state of Ceara in the Northeast of Brazil through a joint venture.
Additional information is available on the Company's website at
Forward Looking Statements
This press release contains forward-looking statements that involve
risks, uncertainties and assumptions. Forward-looking statements in this press
release can be identified by the use of words, such as "expected", or state
that certain actions, events or results "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors, which may cause the actual results, or performance to be
materially different from any future results or performance expressed or
implied by the forward-looking statements. Such statements are only
predictions and the assumptions upon which they are based as a result of those
risks and uncertainties including risks related to completion of the proposed
offering, the members of the syndicate for the proposed offering and the use
of proceeds from the offering.
These forward-looking statements represent our views as of the date of
discussion. The Company anticipates that subsequent events and developments
may cause the Company's views to change. The Company does not undertake to
update any forward-looking statements, either written or oral, that may be
made from time to time by or on behalf of the Company subsequent to the date
of this discussion.
For further information:
For further information: Investors and analysts: Bob Zwerneman, Director
of Investor Relations, (603) 224-4800, firstname.lastname@example.org; Media inquiries:
Valéria Rezende DioDato, Director of Communication, (603) 224-4800,