Responding to recent market speculation and increased trading volume in its shares, Jaguar Mining Inc. (JAG, JAG.TO) said that it is not aware of any developments that would merit such trading activity.
The company said that the strategic review process initiated by the Board of Directors and led by the Special Committee is continuing and the Board will provide further updates to shareholders as circumstances warrant. There can be no assurance that this strategic review process will result in Jaguar entering into or consummating any change of control or merger transaction, the company said.
The Concord, New Hampshire-headquartered company had initiated a strategic review process on November 16, 2011.
On November 17 2011, the company had confirmed that it had received takeover proposals in the prior weeks.
JAG closed Wednesday's regular trading at $3.54, down $1.07 or 23.21%. However, in the after-hours trading, the stock is up $0.04 or 1.13%.
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