- Jaguar Mining (JAG) has announced a normal course issuer bid
- Under the NCIB, the company may purchase up to 3,623,640 common shares for cancellation
- The bid will commence on June 15, 2022, and end on June 14, 2023
- Jaguar Mining Inc. is a gold mining and exploration company
- Jaguar Mining Inc. (JAG) opened trading at C$3.11
Jaguar Mining (JAG) has announced a normal course issuer bid.
Under the bid, the company may purchase up to 3,623,640 common shares. Daily purchases will be limited to 22,395 shares.
The bid will commence on June 15, 2022, and end on June 14, 2023.
Purchases will be made by Pollitt & Co. Inc. on behalf of the company. All shares purchased under the NCIB will be cancelled.
Jaguar believes that the bid will enhance long-term shareholder value and help mitigate the dilutive effects of any future issuances of common shares for capital raises, joint ventures or asset acquisitions.
Jaguar Mining Inc. is a Canadian-listed junior gold mining, development and exploration company operating in Brazil. The company has three gold mining complexes and a large land package with significant upside exploration potential from mineral claims.
Jaguar Mining Inc. (JAG) opened trading at C$3.11.