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UPDATE: Jaguar Mining Pares Earlier Gains, Now Up 8% after Acknowledging Outside Interest for Potential Deal

Jaguar Mining Inc. (JAG.TO) is still in the green in the afternoon but has pared earlier gains after saying the company, through its advisors JP Morgan, has solicited interest over the past few week regarding a potential change of control or merger transaction.

The Jaguar 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 as well as assessing whether any proposal would be more desirable than Jaguar continuing to operate on a stand-alone basis.

JAG shares are now higher by about 8% at $6.25 compared to yesterday's $5.79 close. They are trading near the lower end of a $6.12 to $6.40 range.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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