logo
Share SHARE
FONT-SIZE Plus   Neg

Jaguar Mining Says It Is Not Aware Of Any Developments - Quick Facts

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%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Amgen reported an increase in second-quarter profit, driven by sales of arthritis drug Enbrel and osteoporosis treatments Xgeva and Prolia, and improved margins. Both earnings and sales topped Wall Street estimates. Electronic Arts Inc. (EA) on Thursday reported an increase in profit for the first quarter, reflecting continued strong digital revenues, with both earnings and revenues topping Wall Street estimates. However, shares of the company fell over 4 percent, after having detailed a weak outlook. Redwood... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its second quarter loss widened sharply from last year, as higher costs and expenses more than offset a 33% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in well above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
Follow RTT