TORONTO, February 19, 2016 /PRNewswire/ --
TSX-V: JAG
Jaguar Mining Inc. ("Jaguar" or the "Company") (TSXV:
JAG) today announced that, effective immediately,
Hashim Ahmed, Vice President of
Finance, has been appointed Interim Chief Financial Officer.
Derrick Weyrauch, Chief Financial Officer, has stepped down
to pursue other opportunities. Mr. Ahmed will oversee
Jaguar's accounting functions and financial controls until the
Company completes its search for a new permanent Chief Financial
Officer.
"With a strong background in finance in the mining sector,
Hashim has a valuable understanding of our Company and I am
confident he is the right leader to take on the role of Interim CFO
as we initiate our search for a permanent CFO," stated
Rodney Lamond, President and Chief
Executive Officer of Jaguar Mining. "On behalf of the
Board and myself, I want to thank Derrick for his contributions to
Jaguar Mining over the past three years. We wish him
well in his future endeavors."
The Company has initiated its search for a new Chief Financial
Officer and continues to be led by Rodney
Lamond, Chief Executive Officer. Mr. Lamond is a
seasoned mining professional and engineer with more than 27 years
of experience in mine operations, development, exploration and
executive management.
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 Company owns
mineral claims covering an area of approximate 197,000-hectares.
Additional information is available on the Company's website
athttp://www.jaguarmining.com.
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 include, but are
not limited to, management's assessment of Jaguar's future plans
and operation. Forward-looking statements can be identified by the
use of words such as "are expected", "is forecast", "is targeted",
"approximately", "plans", "anticipates" "projects", "anticipates",
"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 that
involve a number of known and unknown risks and uncertainties,
including, among others, uncertainties with respect to the
availability of qualified personnel or management and uncertainties
inherent to capital markets in general, 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 the Company'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
statements set forth herein reflect Jaguar's expectations as at the
date of this news release and is subject to change after such date.
The Company 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 statements contained in this news release
are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Rodney Lamond, Chief Executive
Officer, T: 416-628-9601 x 303,
rodney.lamond@jaguarmining.com