On July 9, 2019, Jaguar Mining Inc. (TSX:JAG) (“Jaguar Mining” or the “Company”) announced the closing of an international, non-brokered, private placement of its common shares that raised gross proceeds of USD$25 million for the Company. Jaguar Mining anticipates that it will use the net proceeds of the offering for: (i) capital improvements and infrastructure intended to increase production output and cost efficiencies at its operating gold mines in Brazil; (ii) advancing the Company’s mineral exploration activities in order to increase reserves and expected mine lives; (iii) the repayment of a USD$7.85 million bridge loan due July 15, 2019; and (iv) for general corporate and working capital improvement purposes.
Jaguar Mining is a junior gold mining, development, and exploration company that operates two gold mines in Brazil.
Miller Thomson advised Jaguar Mining with respect to this private placement with a team comprised of Geoff Clarke and Jonathan Tong (Capital Markets and Securities).
