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Jaguar Mining Inc T.JAG

Alternate Symbol(s):  JAGGF

Jaguar Mining Inc. is a Canada-based junior gold mining, development, and exploration company. The Company is operating in Brazil with three gold mining complexes, and a land package with upside exploration potential from mineral claims covering an area of approximately 65,000 hectares. The Company’s principal operating assets are located in the Iron Quadrangle, a greenstone belt in the state of Minas Gerais, and include the Turmalina Gold Mine Complex and Caete Gold Mine Complex (Pilar and Roca Grande mines, and Caete Plant). The Company also owns the Paciencia Gold Mine Complex, which is located approximately 80 kilometers southwest of Belo Horizonte. Its operations are located in the Iron Quadrangle, a prolific greenstone belt near the city of Belo Horizonte in the state of Minas Gerais, Brazil. The Company's Brazilian assets and operations are held by its subsidiary, Mineracao Serras do Oeste Ltda. (MSOL). Its projects also include the Pitangui Project and the Acurui Project.


TSX:JAG - Post by User

Bullboard Posts
Post by RedMarson May 01, 2014 2:18pm
247 Views
Post# 22513772

One wicked consolidation. Holdings reduced to less than 1 %

One wicked consolidation. Holdings reduced to less than 1 %https://www.jaguarmining.com/s/NewsReleases.asp?ReportID=648997&_Type=News-Releases&_Title=Jaguar-Mining-Announces-Implementation-of-Plan-of-Compromise-and-Arrangemen...



In connection with and as a step in the Plan, the Common Shares issued and outstanding 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 "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation therefor. As a result of the implementation of the Plan, such shareholders represent approximately 0.9% of the equity of Jaguar in the aggregate.
Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/jaguar-mining-announces-implementation-of-plan-of-compromise-and-arrangement#QPTx5daBvesqjx5l.99
In connection with and as a step in the Plan, the Common Shares issued and outstanding 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 "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation therefor. As a result of the implementation of the Plan, such shareholders represent approximately 0.9% of the equity of Jaguar in the aggregate. A letter of transmittal with respect to the Consolidation will be mailed to such shareholders which letter sets out instructions as to how registered shareholders can receive certificates representing post-Consolidation Common Shares. The shareholder rights plan dated May 2, 2013 and all rights issued thereunder were cancelled pursuant to the terms of the Plan.
In connection with and as a step in the Plan, the Common Shares issued and outstanding 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 "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation therefor. As a result of the implementation of the Plan, such shareholders represent approximately 0.9% of the equity of Jaguar in the aggregate.
Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/jaguar-mining-announces-implementation-of-plan-of-compromise-and-arrangement#QPTx5daBvesqjx5l.99
In connection with and as a step in the Plan, the Common Shares issued and outstanding 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 "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation therefor. As a result of the implementation of the Plan, such shareholders represent approximately 0.9% of the equity of Jaguar in the aggregate.
Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/jaguar-mining-announces-implementation-of-plan-of-compromise-and-arrangement#QPTx5daBvesqjx5l.99
In connection with and as a step in the Plan, the Common Shares issued and outstanding 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 "Consolidation"). Any fractional Common Shares resulting from the Consolidation were rounded down to the next whole share without any additional compensation therefor. As a result of the implementation of the Plan, such shareholders represent approximately 0.9% of the equity of Jaguar in the aggregate.
Read more at https://www.stockhouse.com/news/press-releases/2014/04/23/jaguar-mining-announces-implementation-of-plan-of-compromise-and-arrangement#QPTx5daBvesqjx5l.99
Bullboard Posts