TORONTO, September 24, 2015 /PRNewswire/ --
/NOT FOR DISTRIBUTION IN
THE UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
Jaguar Mining Inc. ("Jaguar" or the "Corporation") (TSX-V: JAG)
announced today that, further to its press releases dated
September 14, 2015 and September 18, 2015 announcing the proposed
non-brokered private placement (the "Offering") of convertible
senior secured debentures ("Debentures"), the Corporation has filed
on SEDAR as a "Material Document" a disclosure document (the
"Disclosure Document") relating to the Offering and the anticipated
participation (the "Outrider Subscription") by Outrider Management,
LLC, an insider of the Corporation, which Disclosure Document is
being provided to disinterested minority shareholders whose written
consent to the Outrider Subscription will be sought in connection
with the Offering. A copy of the Disclosure Document can be
accessed under the issuer profile of Jaguar on SEDAR
at http://www.sedar.com.
In connection with the Offering, the Corporation expects to pay
certain finders a cash commission of up to 4% of the total proceeds
raised in the Offering from subscriptions from purchasers that such
finders introduced to the Offering, and finder's warrants
("Finder's Warrants") to purchase such number of common shares of
the Corporation as is equal to up to 4% of the total number of
common shares issuable on conversion of the Debentures issued to
purchasers that such finders introduced to the Offering. The
Finder's Warrants will have an exercise price of $0.15 per common share with an expiry date of
three years from the closing date of the Offering, subject to the
approval of the TSX Venture Exchange.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities in any
jurisdiction.
About Jaguar Mining Inc.
Jaguar is a gold producer with mining operations in a prolific
greenstone belt in the state of Minas Gerais, Brazil. Additionally, Jaguar wholly owns the
large-scale Gurupi Development Project in the state of Maranhão,
Brazil. In total, the Corporation
owns mineral claims covering an area of approximately 197,000
hectares. Additional information is available on the Corporation's
website at http://www.jaguarmining.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this news release constitute
"Forward-Looking Statements" within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities legislation. Such statements constitute forward-looking
statements (forecasts) under applicable securities laws relating to
future events or future performance and, in this news release,
include comments with respect to (i) the Debentures and the
Offering, (ii) the participation of Outrider Management in the
Offering, (iii) the seeking of the consent of disinterested
minority shareholders with respect to the Outrider Subscription,
(iv) the amounts and form of any finder's fees paid in connection
with the Offering, and (v) the terms of the Finder's Warrants.
Forward-looking statements can generally be identified by the use
of words such as "expected", "forecasted", "targeted",
"approximately", "intends", "plans", "anticipates", "projects",
"continue", "estimate", "believe" 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. In this news release, information contained in
forward-looking statements is based on current expectations,
estimates and projections that involve a number of known and
unknown risks and uncertainties, including among others the
uncertainties inherent to capital markets in general, uncertainties
with respect to the success of the Offering, and risk of not
obtaining all regulatory and minority shareholder approvals, which,
if incorrect, may cause actual results to differ materially from
those anticipated by Jaguar and described herein.
For additional information with respect to these and other
factors and assumptions underlying the forward-looking statements
made in this news release, see Corporation's most recent annual
information form and management's discussion and analysis, as well
as other public disclosure documents that can be accessed under the
issuer profile of "Jaguar Mining Inc." on SEDAR
at http://www.sedar.com. The forward-looking information set
forth herein reflects Jaguar's expectations as at the date of this
news release and is subject to change after such date. The
Corporation disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, other than as required by
law. The forward-looking information contained in this news release
is expressly qualified by this cautionary statement.
The TSX Venture Exchange does not accept responsibility for the
adequacy or the accuracy of this release.
Derrick Weyrauch, Chief Financial
Officer, +1-(416)628-9601, dweyrauch@jaguarmining.com