FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under the
Securities Exchange Act of 1934
For the month of January 2013
Commission File Number 001-33548
JAGUAR MINING INC.
Rua Levindo Lopes 323 - Funcionários
CEP 30140-170 - Belo Horizonte – MG - Brazil
(31) 3232-7100
(Address of principal executive offices.)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F o | Form 40-F x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
EXHIBIT INDEX
| Exhibit Number | Description of Exhibit | |
| 99.1 | News Release Dated January 25, 2013 - Jaguar Mining Inc. Draws Down $5 Million Under Renvest Credit Facility |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| JAGUAR MINING INC. | |||
| Date: January 25, 2013 | By: | /s/ David M. Petroff | |
| Name: David M. Petroff | |||
| Title: President and Chief Executive Officer | |||
Exhibit 99.1
Jaguar Mining Inc. Draws Down $5 Million Under Renvest Credit Facility
JAG - TSX/NYSE
BELO HORIZONTE, Brazil, Jan. 25, 2013 /CNW/ - Jaguar Mining Inc. ("Jaguar" or the "Company") (JAG: TSX/NYSE) today announced that it has made an initial draw down of $5 million on its previously announced $30 million standby credit facility (the "Facility") with Renvest Mercantile Bancorp Inc. through its Global Resource Fund (the "Lender"). Consistent with the terms of the Facility, the Lender received an upfront fee and draw down fee together comprising 570,919 shares of Jaguar's common stock and $150,000 in cash.
The Lender has advanced the initial draw down as the process to complete registration of the remaining security under the Facility continues to be completed. The remaining $25 million under the Facility will be available to be drawn down by the Company once certain of the remaining security has been registered.
Jaguar intends to use the proceeds from the initial drawdown and any subsequent drawdowns from the Facility for working capital related to its Turmalina, Paciência or Caeté mining projects in Brazil.
Regarding the initial draw down, Jaguar's President and CEO David Petroff said, "We are pleased to have the financial flexibility this draw down provides while we continue the implementation of our operational improvements. As we execute as planned, our preference will be to rely on internally generated funds to the greatest extent possible."
About Jaguar
Jaguar is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais and is developing the Gurupi Project in Northern Brazil in the state of Maranhão. The Company is actively exploring and developing additional mineral resources at its approximate 220,000-hectare land base in Brazil. Additional information is available on the Company's website at: www.jaguarmining.com.
About Renvest Mercantile Bancorp
Renvest Mercantile Bancorp, through its Cayman-based Global Resource Fund, provides financing for companies and projects in the natural resource sector. Loans are for terms of up to 24 months, typically in the form of a senior secured debenture and often as a convertible debenture.
SOURCE: Jaguar Mining Inc.
For further information:
Company Contacts
Roger Hendriksen
Vice President, Investor Relations
603-410-4888
rhendriksen@jaguarmining.com
Valéria Rezende DioDato
Director of Communication
011-55-31-4042-1249
valeria@jaguarmining.com
CO: Jaguar Mining Inc.
CNW 17:31e 25-JAN-13