Jaguar Mining Inc. Secures C$28 Million in Private Placement Deal

Jaguar Mining Inc. has successfully closed a "bought deal" private placement, raising gross proceeds of C$28 million. The offering saw 5,090,910 common shares sold at C$5.50 each. Red Cloud Securities Inc. led the underwriting, joined by Research Capital Corporation and Ventum Financial Corp.

The proceeds will support the restart of Jaguar's Turmalina Mine and exploration across properties. The transaction involved notable participation from Eric Sprott, who acquired 1,818,182 shares and remains a significant shareholder, owning 48.33% of the company post-transaction.

The sale included 3,272,728 shares under certain Canadian exemptions allowing immediate trading. Underwriters received C$1.1 million and additional warrants. The offering awaits final TSX approval. Details are available on SEDAR+ and Jaguar’s website.