JAG - TSX/NYSE
CONCORD, NH, Feb. 3 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the
"Company") (JAG: TSX/NYSE) today announced that it proposes to offer $90 million aggregate
principal amount of convertible senior notes, subject to market
conditions and other factors. The notes would be due in 2016 and are to
be offered and sold to qualified institutional buyers pursuant to Rule
144A under the Securities Act of 1933, as amended (the "Securities
Act"). Jaguar also intends to grant to the initial purchaser of the
notes an option to purchase up to an additional $13.5 million aggregate
principal amount of notes to cover over-allotments.
The notes will be unsecured obligations of Jaguar, and interest on the
notes will be payable semi-annually. Holders of notes will have the
right to convert their notes into common shares at any time prior to
the second scheduled trading day prior to maturity. Upon conversion,
Jaguar may, in lieu of delivering its common shares, elect to pay or
deliver, as the case may be, cash or a combination of cash and common
shares, in respect of the converted notes. The interest rate,
conversion rate, offering price and other terms are to be determined by
negotiations between Jaguar and the initial purchaser.
Jaguar expects to use the net proceeds of the offering toward
development of its Gurupi Project in Northern Brazil, and for working
capital and general corporate purposes.
The notes and the common shares issuable upon conversion of the notes
have not been registered under the Securities Act or any state
securities laws and may not be offered or sold absent registration or
an applicable exemption from such registration requirements. Offers and
sales of the notes in Canada will be made only pursuant to exemptions
from the prospectus requirements of applicable Canadian provincial or
territorial securities laws.
This announcement is neither an offer to sell nor a solicitation of an
offer to buy any of these securities (including the common shares of
Jaguar into which the notes are convertible) and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful. Any offers or sales of the notes will
be made only by means of a private offering memorandum.
SOURCE Jaguar Mining Inc.
For further information:
|Investors and analysts: || || ||Media inquiries:|
|Bob Zwerneman, Vice President Corporate Development and |
Director of Investor Relations
| || ||Valéria Rezende DioDato|
Director of Communication