Re: China makes an offer for Jag, in Brazil

Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Reply New Message

Prev Message Back To Forum Threaded View Next Message

newbie101

Rank: Treasurer [?]

Points: 1210 [?]

Votes: 43 Score: 2.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: China makes an offer for Jag, in Brazil

in response to

China makes an offer for Jag, in Brazil

sculpin

posted on Nov 16, 2011 05:13PM

As copied from TSX News report

CONCORD, NH, Nov. 16, 2011 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (JAG: TSX/NYSE) in response to news articles today regarding an unsolicited offer to buy the Company, acknowledges that it has received proposals over the past few weeks.

The Company confirmed that, in light of the publicized unsolicited offer, the Board of Directors has determined to initiate a strategic process to explore alternatives to maximize shareholder value. At this time, none of these proposals has progressed beyond the exploratory stage. The Board has retained financial and legal advisors to assist in this regard. There is no assurance that the process will culminate in a change of control transaction.

Jaguar's Board of Directors intends to update the shareholders of the Company at the appropriate time.