Outrider Master Fund, LP Disposes of Jaguar Mining Inc. Securities
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 06/28/16 -- On June 28, 2016, Outrider Master Fund, LP ("Outrider") sold US$5,350,000 principal amount of convertible senior secured debentures ("Debentures") and 11,673,791 common shares ("Common Shares") of Jaguar Mining Inc. ("Jaguar") pursuant to a private agreement for a price equal to CDN$4,436,040.58 for the Common Shares (being CDN$0.38 per Common Share) and CDN$17,852,124.88 for the Debentures, for an aggregate sale price of CDN$22,288,165.46.
Prior to the above noted transaction, Outrider owned 11,673,791 Common Shares, representing approximately 10.5% of the outstanding Common Shares, and US$5,350,000 principal amount of Debentures, which if converted, Outrider would have ownership and control of an additional 46,979,276 Common Shares, representing approximately 29.7% of the outstanding Common Shares post-exercise, and ownership and control over a total of 58,653,067 Common Shares, representing approximately 37.1% of the outstanding Common Shares post-exercise on a partially-diluted basis.
Following the sale, Outrider does not hold any Common Shares or Debentures of Jaguar.
A copy of the early warning report required to be filed by Outrider with applicable securities commissions in connection with this sale will be filed under Jaguar''s profile on SEDAR at and a copy of the early warning report may also be obtained by contacting Julia Ruthven, the Chief Financial Officer of Outrider, at 1001 Bayhill Drive, Suite 125, San Bruno, CA, 94066, telephone: (650) 238-5850.
Contacts:
Outrider Master Fund, LP
Julia Ruthven
Chief Financial Officer
(650) 238-5850
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Datum: 28.06.2016 - 15:38 Uhr
Sprache: Deutsch
News-ID 1444186
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