Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Jaguar Mining advances court-supervised debt, equity restructuring plan

TORONTO - Jaguar Mining Inc. (TSX:JAG) says it hopes to complete its court-supervised debt restructuring and share offering this month.

The gold miner said Monday that 100 per cent of its affected unsecured creditors voted in favour of the plan last week.

A court hearing to approve the plan is expected this week.

The restructuring calls for Jaguar to complete a $50-million share offering, backstopped by holders of its convertible debt, before emerging from court protection from creditors.

Its shares are listed on the Toronto Stock Exchange, but haven't traded since Dec. 20, a few days before Jaguar announced it had sought protection under the Companies' Creditors Arrangement Act

The TSX later announced Jaguar's shares would remain suspended until being delisted on Feb. 10.

The company, which has operations in Brazil, said in December that it hoped to reduce its debt to $54 million from $323 million.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Submit a Random Act of Kindness
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates