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TORONTO, ON / ACCESSWIRE / August 26, 2020 / Jaguar Mining Inc. (“Jaguar” or the “Company”) (TSX: JAG) is pleased to announce that it has filed an amendment statute to bring into force a consolidation (the “Consolidation”) of its remarkable non-unusual percentages (the “Actions”) on the basis of one (1) percentage after consolidation by ten (10) pre-consolidation percentages. The Toronto Stock Exchange (the “TSX”) has informed the Company that its percentages will begin trading after the open market consolidation on Thursday, August 27, 2020. The Company’s call and inventory symbol will remain unchanged in the TSX as a result of consolidation.
At the end of the consolidation, the number of issued and notable percentages will be consolidated from 723,502,108 to approximately 72,350,197 on an undiluted basis, and the percentage shareholder will have the same percentage of notable percentages without delay after consolidation as the percentage shareholder held without delay before consolidation. . The exact number of notable percentages after consolidation will vary depending on the elimination of percentage fractions. No percentage fraction will be emitted as a component of the consolidation. Conversely, all fractions of Post-Consolidation Actions will be rounded to the nearest total decrease number.
Unregistered percentage holders who own Shares through a broker or other intermediary will have their positions adjusted through their broker or broker and will not want to take additional steps to exchange their pre-consolidation percentages for post-consolidation percentages. In the past, letters were mailed to all registered percentage holders who had a percentage certificate with commands on how to exchange the existing percentage certificate for a new percentage certificate or direct registration (DRS). You can also get a card in Jaguar’s SEDAR profile at www.sedar.com.
The company’s new CUSIP is 47009M889 and its new ISIN is CA47009M8896.
Quarterly cash dividend update
The Company also announces that, taking into account the above, the final and payment dates of its quarterly monetary dividend announced in the past (the “dividend”) are September 3, 2020 and September 17, 2020, respectively. The Company’s Board of Directors declared a dividend of C$ 0.08 consistent with the consistent percentage after consolidation.
The Board of Directors intends to review, inter alia, the Company’s budget, money forecasts and existing market situations on a quarterly basis to determine whether more dividends will be declared on the Shares for the coming quarters. The declaration, timing, amount and payment of long-term dividends are at the discretion of the Board of Directors. The dividend is designated as a dividend decided for the purposes of Canadian income tax.
For more information related to consolidation and dividends, please refer to the company’s press release dated August 12, 2020.
About Jaguar Mining Inc.
Jaguar Mining Inc. is a Canadian-listed gold mining, progression and exploration junior company operating in Brazil with 3 gold mining complexes and giant terrain with significant exploration prospects of approximately 64,000 hectares of mineral concessions. The company’s main operating assets are located in the Iron Quadrangle, a prolific green rock belt in Minas Gerais state and come with the Turmalina gold mining complex and the Caeté mining complex (Pilar and Roca Grande mines and Caeté plant). The Company also owns the Gold Mine Complex, which has been in majortenance and majortenance since 2012. Since April 2019, the Roca Grande mine has been subjected to transitority and majortenance care. Additional information can be found on the Company’s online website at www.jaguarmining .com.
For information, contact:
Vernon Baker CEO of Jaguar Mining [email protected] 416-847-1854
Hashim Ahmed Chief Financial Officer Jaguar Mining Inc. [email protected] 416-847-1854
Forward-looking statements
The forward-looking data in these statements reflect the Company’s moderate expectations as of the date of this press release and would possibly replace it after that date. The Company disclaims any objective or legal responsibility to update or revise any prospective data, whether as a result of new data, long-term or otherwise, unless required to do so by law. The prospective data contained in this press release are expressly qualified through this warning.
This press release does not constitute an offer to sell or request an offer to buy and there will be no sale of securities in a state where such offer, solicita application or sale is unlawful. The securities to be offered have not been registered or will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of registration or an applicable waiver. U.S. registration requirements. State Securities Act of 1933, as amended, and applicable securities laws.
SOURCE: Jaguar Mining Inc.
See the accesswire.com edition: https://www.accesswire.com/603465/Jaguar-Mining-Completes-Share-Consolidation-and-Provides-Update-on-Previously-Announce-Quarterly-Dividend