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Financings

Jaguar Mining Inc. Announces Bought Deal Life Private Placement for Gross Proceeds Of C$25.0 million

By The Northwire Desk — AI Analysis Sep 29, 2025 · 07:24 JAG · 6.02 Jaguar Mining Inc.
JAG · Price

Executive Summary

  • Jaguar Mining entered into a bought‑deal private placement with Red Cloud Securities to sell 4,545,455 common shares at C$5.50 each for gross proceeds of C$25.0 million.
  • An over‑allotment option allows the underwriters to purchase up to an additional 545,455 shares for up to C$3.0 million, potentially raising total gross proceeds to C$28.0 million.
  • Net proceeds are earmarked to restart the Turmalina Mine, fund exploration across Jaguar’s Iron Quadrangle properties, and support general working capital and corporate purposes.

Key Details

  • Offering Size: 4,545,455 common shares (Offered Shares) at C$5.50 per share.
  • Gross Proceeds: C$25,000,002.50.
  • Over‑Allotment Option: Up to 545,455 additional shares at the same price; potential extra gross proceeds of C$3,000,002.50.
  • Underwriters: Red Cloud Securities Inc. (lead underwriter and bookrunner) and a syndicate of underwriters.
  • Closing Date: Expected on October 15, 2025 (or earlier/later by mutual agreement).
  • Use of Proceeds:
  • Restart Turmalina Mine at the MTL Complex.
  • Exploration activities across all Jaguar properties in Brazil’s Iron Quadrangle.
  • General working capital and corporate purposes.
  • Regulatory Framework: Offered under NI 45‑106 listed issuer financing exemption (except Québec); Canadian shares will be freely tradeable immediately; U.S. investors excluded unless exempt.
  • Hold Period for Non‑Exempt Shares: Four months and one day after closing.
  • CEO Comment: Luis Albano Tondo highlighted the C$25 million raise as a sign of market confidence, emphasizing its role in advancing Turmalina restart, expanding exploration, strengthening the balance sheet, and reducing portfolio risk.

Notable Quotes

“We are pleased to announce this C$25.0 million private placement, which reflects the market's confidence in Jaguar's assets and strategy… The funds raised will enable us to advance the restart of the Turmalina Mine and expand our exploration activities in the highly prospective Iron Quadrangle.” – Luis Albano Tondo, Chief Executive Officer

Materiality Assessment: Material – Positive (significant financing that directly supports operational restart and growth initiatives).

Read the original news release →

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