TSX-V: JAG
TORONTO, June 29, 2016 /CNW/ - Jaguar Mining Inc.
(TSX-V: JAG) ("Jaguar" or the "Company"), is pleased to
announce it has received conditional approval from the Toronto
Stock Exchange (the "TSX") to graduate from the TSX Venture
Exchange ("TSX-V") and list its common shares ("Shares") and its
12.00% convertible senior secured debentures ("Debentures") on the
TSX.
Rodney Lamond, President and
Chief Executive Officer of Jaguar commented, "Graduating to the
TSX is an important step in the evolution of Jaguar that
provides more visibility and a broader base of retail and
institutional shareholders. Our management team is focused on
creating significant shareholder value as we
are well-positioned to deliver on our strategy
of sustainable production growth."
Final approval of the listing is subject to Jaguar meeting
certain standard requirements of the TSX on or before September 20, 2016. The Company expects to
satisfy all of the requirements and will make a further
announcement once the TSX has issued a bulletin confirming the date
on which trading on the TSX will commence. Upon completion of the
final listing requirements, the Company's Shares will be delisted
from the TSX Venture Exchange.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a
Canadian-listed junior gold mining, development, and exploration
company operating in Brazil with
three gold mining complexes, and a large land package with
significant upside exploration potential from mineral claims
covering an area of approximate 191,000 hectares. The Company's
principal operating assets are located in a prolific greenstone
belt in the state of Minas Gerais and include the Turmalina Gold
Mine Complex ("Mineração Turmalina Ltda" or "MTL") and Caeté Gold
Mine Complex ("Mineracao Serras do Oeste Ltda" or "MSOL") which
combined produce more than 90,000 ounces of gold annually. The
Company also owns the Paciência Gold Mine Complex, which has been
on care and maintenance since 2012. Additional information is
available on the Company's website at www.jaguarmining.com.
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.
FORWARD-LOOKING STATEMENTS
Certain statements in
this press release constitute "Forward-Looking Statements" within
the meaning of applicable Canadian securities legislation,
including, but not limited to the receipt of TSX's final approval
of the listing of the Shares and the Debentures, the anticipated
commencement of trading of the Shares and the Debentures on the
TSX, the voluntary delisting of the Shares from the TSX-V and the
anticipated benefits of obtaining a listing on the TSX. Such
forward-looking statements are based on the Company's current
expectations and assumptions which are subject to certain risks and
uncertainties. These risks include, but are not limited to,
failure to obtain the required approvals of the TSX and the
TSX-V. In this press release, 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.
Accordingly, readers are cautioned that events and circumstances
could cause results to differ materially from those predicted,
forecasted or projected. Such forward-looking statements are
expressly qualified by the above 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
press release except as required by law.
SOURCE Jaguar Mining Inc.