Jaguar Resources Inc.

Jaguar Resources Inc.

February 24, 2015 18:26 ET

Jaguar Resources Inc. Announces Issuance of Shares for Debt

CALGARY, ALBERTA--(Marketwired - Feb. 24, 2015) - Jaguar Resources Inc. (the "Company") (TSX VENTURE:JRI) - Mr. Corbin Blume, President and Chief Executive Officer of the Company, announces the Company issued 4,355,101 common shares at a deemed price of $0.10 per common share to settle $435,510.07 of corporate debt owed to various arm's length parties of the Company. The transaction will eliminate a portion of the Company's outstanding indebtedness. The transaction has been approved by the TSX Venture Exchange and all shares issued shall be subject to a four month plus a day hold period commencing from the date of issuance.

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.

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)