Northwire Canada EditionTuesday, August 18, 2026
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Financings

Jaguar Mining arranges $25M bought deal offering

By The Northwire Desk — AI Analysis Sep 29, 2025 · 16:28 JAG · 5.65 Jaguar Mining Inc.
JAG · Price

Executive Summary

  • Jaguar Mining Inc. announced a bought‑deal private placement of 4,545,455 common shares at C$5.50 per share for gross proceeds of approximately C$25 million.
  • The underwriters have an overallotment option for up to an additional 545,455 shares, potentially raising another C$3 million.
  • Net proceeds will be used to restart the Turmalina mine, fund exploration across Jaguar’s properties, and support general working capital and corporate purposes.

Key Details

  • Offering Size: 4,545,455 common shares at $5.50 per share → Gross proceeds: C$25,000,002.50.
  • Overallotment Option: Up to 545,455 additional shares at the same price → Potential extra gross proceeds: up to C$3,000,002.50.
  • Lead Underwriter/Bookrunner: Red Cloud Securities Inc., acting for a syndicate of underwriters.
  • Use of Proceeds:
  • Restart Turmalina mine (MTL complex).
  • Exploration activities across all Jaguar properties in Brazil’s Iron Quadrangle.
  • General working capital and corporate purposes.
  • Closing Date: Expected on Oct. 15, 2025 (or earlier/later by mutual agreement).
  • Regulatory Framework: Offered under National Instrument 45‑106 (prospectus exemptions); shares to be freely tradable in Canada immediately upon purchase; offshore and U.S. sales subject to applicable exemptions.
  • Holding Period: Shares not covered by the listed issuer financing exemption will have a hold period of four months plus one day from closing.
  • CEO Quote: Luis Albano Tondo stated the financing “reflects the market's confidence in Jaguar's assets and strategy” and will enable restart of Turmalina, expand exploration, strengthen the balance sheet, and reduce portfolio risk.

Notable Quotes

“We are pleased to announce this $25.0‑million private placement, which reflects the market's confidence in Jaguar's assets and strategy… This financing enhances our balance sheet and reduces risk across our portfolio, positioning the company to pursue increased production and ongoing resource growth.” – Luis Albano Tondo, CEO, Jaguar Mining Inc.

Read the original news release →

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