Jaguar Resources Inc.
TSX VENTURE : JRI

Jaguar Resources Inc.

October 10, 2014 12:30 ET

Jaguar Resources Announces Issuance of Bonus Shares

CALGARY, ALBERTA--(Marketwired - Oct. 10, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

Jaguar Resources Inc. ("Jaguar" or the "Company") (TSX VENTURE:JRI) - Mr. Corbin Blume, President and Chief Executive Officer of Jaguar, announced today that the Company has received TSX Venture Exchange approval for the issuance of 627,778 common shares of the Company ("Common Shares"), at a deemed issue price of $0.18 per Common Share, as bonus shares in connection with loans totaling $565,000 from arm's length parties in 2013 and 2014. The Common Shares are being issued pursuant to TSX Venture Exchange Policy 5.1 "Loans, Bonuses, Finder's Fee and Commissions".

In 2013 and 2014, the Company entered into a series of loan agreements with various arm's length parties for total loan proceeds of $565,000 (the "Notes"). The Notes mature on October 15, 2014 and bear interest at a rate of 12% per annum with the exception of a Note for USD$15,000, which bears interest at rate of 15% and matured on May 30, 2014.

As security for payment of the principal and interest on the Notes, the Company has granted a floating charge in favour of the holders, subordinated to the holders of senior indebtedness as described in the Company's news release dated June 5, 2014, as evidenced by a general security agreement. A portion of the Notes, being $200,000, represents an unsecured obligation of the Company.

The Common Shares issued shall be subject to a four month hold period commencing from the date of issuance and such issuance remains subject to the final approval of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer of the common shares for sale in the United States. The common shares may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from such registration. Jaguar has not registered and will not register the common shares under the U.S. Securities Act of 1933, as amended. Jaguar does not intend to engage in a public offering of common shares in the United States.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Cautionary and Forward-Looking Statements

This news release contains forwardlooking statements and forwardlooking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forwardlooking statements or information. Forwardlooking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

The forwardlooking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSX Venture Exchange. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Contact Information

  • Jaguar Resources Inc.
    Corbin Blume
    President & CEO
    Main Phone (403) 975-4009
    (403) 264-5455 (FAX)