on Jaguar Mining Inc. (CVE:JAG)
Jaguar Mining Attracts C$10 Million Investment from Eric Sprott
Jaguar Mining Inc. announced an update on its C$25 million "bought deal" private placement, highlighting a significant investment from major shareholder Eric Sprott. The company's plan involves Sprott acquiring 1,818,812 shares at C$5.50 each, generating C$10 million. Red Cloud Securities Inc. leads the underwriting process for the remaining shares.
The raised funds will aid in restarting the Turmalina Mine and support exploration activities. Jaguar aims to capitalize on its extensive assets in Brazil. The offering, set to close on October 15, 2025, awaits regulatory and Toronto Stock Exchange approvals.
This development is part of Jaguar's broader strategy to strengthen its gold production capabilities in the Iron Quadrangle region.
R. P.
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