JAG - TSX/NYSE
BELO HORIZONTE, Brazil, May 3, 2013 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Corporation") (TSX: JAG) (NYSE: JAG) is pleased to announce that the board of directors of the Corporation
has adopted a shareholder protection rights plan, effective May 2, 2013
(the "Rights Plan"). The objective of the Rights Plan is to ensure, to the extent
possible, that all shareholders of the Corporation are treated equally
and fairly in connection with any initiative to acquire control of the
The Rights Plan is not intended to and will not prevent a take-over of
the Corporation. The purpose of the Rights Plan is to encourage a
potential bidder to make a "Permitted Bid", having terms and conditions
designed to meet the objectives of the Rights Plan, or to negotiate the
terms of an offer with the board of directors of the Corporation. A
Permitted Bid is a take-over bid that is made to all holders of voting
shares of the Corporation (other than the bidder), by way of a
take-over bid circular prepared in compliance with applicable
securities laws, that remains open for acceptance by shareholders of
the Corporation for 60 days, and that satisfies certain other
The Rights Plan must be confirmed by shareholders within six months of
its effective date. The Corporation currently intends to seek shareholder approval of the
Rights Plan at its next annual and special meeting of shareholders to
be held on June 10, 2013.
The Corporation is not aware of any specific take-over bid for the
Corporation that has been made or is contemplated.
A complete copy of the Rights Plan is available upon request.
Shareholders wishing to receive a copy of the Rights Plan should make
their request by telephone at (647) 494-5524 or by mail to Jaguar
Mining Inc., Attention: Corporate Secretary, 67 Yonge Street, Suite
1203, Toronto, Ontario, M5E 1J8. A copy of the Rights Plan is also
filed on SEDAR at www.sedar.com.
About Jaguar Mining
Jaguar is a junior gold producer in Brazil with operations in a prolific
greenstone belt in the state of Minas Gerais and owns the Gurupi
Project in Northern Brazil in the state of Maranhão. The Corporation
also owns additional mineral resources at its approximate
210,000-hectare land base in Brazil. Additional information is
available on the Corporation's website at www.jaguarmining.com.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release. This
news release may contain assumptions, estimates, and other
forward-looking statements regarding future events. Such
forward-looking statements involve inherent risks and uncertainties and
are subject to factors, many of which are beyond the Corporation's
control, which may cause actual results or performance to differ
materially from those currently anticipated in such statements.
SOURCE: Jaguar Mining Inc.
For further information:
T. Douglas Willock
Chief Financial Officer