Jaguar Mining Provides Update on Strategic Review Process
Jaguar Mining Inc. (JAG.TO), which fell 3% on Thursday, provided an update on the strategic review process that it previously announced was initiated by its Board of Directors on November 16, 2011.
The Board has appointed a Special Committee comprised solely of independent directors to review and evaluate any proposals received as part of the strategic review process and to assess whether any such proposal may be more desirable than the continued operation of the company on a stand-alone basis, and to make recommendations to the Board thereon. The Special Committee is chaired by Gil Clausen and is comprised of Clausen, Gary German and John Andrews.
It said over the past several weeks, through JP Morgan, the company has solicited interest regarding a potential change of control or merger transaction with the company.
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