Eric Sprott Announces Changes to His Holdings in Jaguar Mining Inc.

Rhea-AI Summary

Eric Sprott, through his company 2176423 Ontario , has increased his stake in Jaguar Mining Inc. (JAGGF). The company purchased 750,000 common shares on the Toronto Stock Exchange at an average price of $3.50 per share, for a total investment of approximately $2,625,000. This acquisition represents about 1.0% of Jaguar Mining's outstanding shares on a non-diluted basis.

Following this purchase, Sprott now beneficially owns 37,108,711 shares, representing approximately 46.9% of the outstanding shares on a non-diluted basis. This marks an increase of about 2.1% in his holdings since the last early warning report filing. Sprott views this as a long-term investment and may consider further acquisitions or dispositions in the future.

Positive

• Eric Sprott increased his stake in Jaguar Mining by 1.0%
• Total investment of $2,625,000 in Jaguar Mining shares
• Sprott's ownership now represents 46.9% of outstanding shares

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - July 18, 2024) - Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 750,000 common shares (Shares) of Jaguar Mining Inc. over the Toronto Stock Exchange (representing approximately 1.0% of the outstanding shares on non-diluted basis) at an average price of approximately $3.50 per share for aggregate consideration of approximately $2,625,000.

The acquired Shares were purchased in reliance on the normal course purchase exemption from the formal take-over bid requirements set out in Section 4.1 of National Instrument 62-104 - Take-Over Bids and Issuer Bids (NI 62-104). Such Shares do not represent more than 5% of the outstanding Shares, and the aggregate number of Shares acquired in reliance on this exemption with any joint actors within the last 12 months does not exceed 5% of the Shares outstanding at the beginning of the 12-month period. The Shares trade on the Toronto Stock Exchange and the value of the consideration paid for the acquired Shares was not in excess of the market price at the date of acquisition, as determined in accordance with section 1.11 of NI 62-104, plus reasonable brokerage fees or commissions actually paid.

Prior to the acquisition of Shares, Mr. Sprott beneficially owned 36,358,711 Shares representing approximately 46.0% of the outstanding Shares on a non-diluted basis. As a result of the acquisition of Shares, Mr. Sprott now beneficially owns 37,108,711 Shares representing approximately 46.9% of the outstanding Shares on a non-diluted basis. The acquisition resulted in an increase in holdings, on a partially diluted basis, of approximately 2.1% since the date of the last filing of an early warning report.

The Shares were acquired for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Jaguar Mining is located at 25 Adelaide St E, Suite 1400, Toronto, Ontario, M5C 3A1. A copy of the early warning report with respect to the foregoing will appear on Jaguar Mining's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, ON M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217056

FAQ

How many shares of Jaguar Mining (JAGGF) did Eric Sprott purchase on July 18, 2024?

Eric Sprott, through his company 2176423 Ontario , purchased 750,000 common shares of Jaguar Mining Inc. on July 18, 2024.

What was the average price per share for Eric Sprott's recent purchase of Jaguar Mining (JAGGF) stock?

The average price per share for Eric Sprott's recent purchase of Jaguar Mining stock was approximately $3.50.

What percentage of Jaguar Mining (JAGGF) does Eric Sprott now own after his recent purchase?

After his recent purchase, Eric Sprott now beneficially owns approximately 46.9% of Jaguar Mining's outstanding shares on a non-diluted basis.

How much did Eric Sprott's stake in Jaguar Mining (JAGGF) increase since his last early warning report?

Eric Sprott's stake in Jaguar Mining increased by approximately 2.1% since the date of his last early warning report filing.