TSX:JAG
TORONTO,
April 29, 2014 /CNW/ - Jaguar Mining
Inc. ("Jaguar" or the "Company") announced today that
the common shares of the Company have been accepted for listing by
the TSX Venture Exchange ("TSX-V") through its streamlined
listing procedures and the Company expects that trading on the
TSX-V will commence at the opening of market on May 1, 2014. The trading symbol of Jaguar's
common shares will remain "JAG".
The common shares of the Company will be
delisted from the Toronto Stock Exchange ("TSX") effective
at the close of market on April 30,
2014. Trading in the common shares of Jaguar has been
suspended since December 23, 2013 and
will remain suspended until the delisting from the TSX.
In connection with the implementation of its
amended and restated plan of compromise and arrangement pursuant to
the Companies' Creditors Arrangement Act (Canada) (the "Plan") on
April 22, 2014, the common shares of
Jaguar that existed immediately prior to the implementation of the
Plan were consolidated at a ratio of one (1) post-consolidation
common share for each 86.39636 pre-consolidation common shares. The
common shares of Jaguar will commence trading on the TSX-V on a
post-consolidated basis and there are currently 111,106,262 common
shares of the Company issued and outstanding. The new CUSIP and
ISIN numbers of the Company's common shares are 47009M400 and
CA47009M4002 respectively.
Forward-Looking Statements
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. Factors which could cause results or
events to differ from current expectations include, among other
things, actions taken against the Company by governmental agencies
and securities and other regulators and other factors not currently
viewed as material that could cause actual results to differ
materially from those described in the Forward-Looking
Statements. 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.
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.