TORONTO, Jan. 14, 2014 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") announced today that it has obtained an order from the Ontario Superior
Court of Justice (Commercial List) extending the period of the
Court-ordered stay of proceedings against Jaguar and its subsidiaries
under the Companies' Creditors Arrangement Act ("CCAA") until February 28, 2014. The Company has been operating under the
protection of the CCAA since December 23, 2013.
All inquiries regarding Jaguar's CCAA proceeding should be directed to
the Monitor, FTI Consulting Canada Inc., via email at: email@example.com or telephone: (416) 649-8044 or 1 (855) 754-5840. Information about the
CCAA proceeding, including copies of all court orders and the Monitor's
reports, is available at the Monitor's website http://cfcanada.fticonsulting.com/jaguar.
Certain statements in this press release constitute "Forward-Looking
Statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 and applicable Canadian securities
legislation. Forward-Looking Statements can be identified by the use of
words such as "are expected", "is forecast", "is targeted",
"approximately" or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might", or "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.
These Forward-Looking Statements represent the Company's views as of the
date of this press release. 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 except
as required by law. For a discussion of important factors affecting the
Company, including fluctuations in the price of gold and exchange
rates, uncertainty in the calculation of mineral resources,
competition, uncertainty concerning geological conditions and
governmental regulations and assumptions underlying the Company's
forward-looking statements, see the "CAUTIONARY NOTE REGARDING FORWARD
LOOKING STATEMENTS" and "RISK FACTORS" in the Company's Annual
Information Form for the year ended December 31, 2012 filed on SEDAR
and available at http://www.sedar.com and the Company's Annual Report on Form 40-F for the year ended
December 31, 2012 filed with the United States Securities and Exchange
Commission and available at www.sec.gov.
About Jaguar Mining Inc.
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 Northeastern Brazil in the state of Maranhão. The Company
also owns additional mineral resources at its approximate
210,000-hectare land base in Brazil. Additional information is
available on the Company's website at www.jaguarmining.com.
SOURCE: Jaguar Mining Inc.
For further information:
Chief Financial Officer