Brief: Jaguar Mining to divest Gurupi Project plans

Jaguar Mining

18/09/2017 11:31

Sept 18 (Reuters) - Jaguar Mining Inc  JAG.TO  
    * Jaguar signs accelerated earn-in agreement to divest 
Gurupi Project; plans to repay higher-cost Brazilian debt 
facility and improve working capital 
    * Agreement provides Avanco with right to earn 100% of co's 
interest in project by paying to co an aggregate cash payment of 
US$4 million 
    * Upon achieving clear title, access to project Jaguar to 
receive in aggregate an additional US$5 million of cash payments 
    * Majority of Avanco US$9 million in payments are expected 
to be paid to Jaguar in 2017 and 2018 fiscal years 
 
Source text for Eikon:  ID:nPnbD16cma  
Further company coverage:  JAG.TO  
 
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