Jaguar Mining announces 4.55M shares priced at C$5.50 in private placement

Jaguar Mining (JAGGF) entered into an agreement with Red Cloud Securities as lead underwriter and bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase for resale 4,545,455 common shares in the capital of the Company at a price of C$5.50 per Offered Share on a “bought deal” basis in a private placement for gross proceeds of C$25,000,002.50. The Company will grant to the Underwriters an option, exercisable up to 48 hours prior to the Closing Date to purchase for resale up to an additional 545,455 Offered Shares at the Offering Price for additional gross proceeds of up to C$3,000,002.50. The Underwritten Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively referred to as the “Offering”. The Company intends to use the net proceeds of the Offering to fund the restart of the Turmalina Mine at the Company’s MTL Complex, exploration activities across the Company’s properties as well as general working capital and corporate purposes, as is more fully described in the Offering Document. The Offering is scheduled to close on October 15, 2025, or such other date as the Company and Red Cloud may agree. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.