TSX-V: JAG
TORONTO, Feb. 19, 2016 /CNW/ - Jaguar Mining Inc.
("Jaguar" or the "Company") (TSXV: JAG) today announced that,
effective immediately, Hashim Ahmed,
Vice President of Finance, has been appointed Interim Chief
Financial Officer. Derrick Weyrauch, Chief Financial Officer,
has stepped down to pursue other opportunities. Mr. Ahmed
will oversee Jaguar's accounting functions and financial controls
until the Company completes its search for a new permanent Chief
Financial Officer.
"With a strong background in finance in the mining sector,
Hashim has a valuable understanding of our Company and I am
confident he is the right leader to take on the role of Interim CFO
as we initiate our search for a permanent CFO," stated
Rodney Lamond, President and Chief
Executive Officer of Jaguar Mining. "On behalf of the
Board and myself, I want to thank Derrick for his contributions to
Jaguar Mining over the past three years. We wish him well in
his future endeavors."
The Company has initiated its search for a new Chief Financial
Officer and continues to be led by Rodney
Lamond, Chief Executive Officer. Mr. Lamond is a
seasoned mining professional and engineer with more than 27 years
of experience in mine operations, development, exploration and
executive management.
About Jaguar Mining Inc.
Jaguar is a gold producer
with mining operations in a prolific greenstone belt in the state
of Minas Gerais, Brazil.
Additionally, Jaguar wholly owns the large-scale Gurupi Development
Project in the state of Maranhão, Brazil. In total, the Company owns mineral
claims covering an area of approximate 197,000-hectares. Additional
information is available on the Company's website at
www.jaguarmining.com.
FORWARD-LOOKING STATEMENTS
Certain statements in
this press release constitute "Forward-Looking Statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and applicable Canadian securities legislation.
Forward-looking statements include, but are not limited to,
management's assessment of Jaguar's future plans and operation.
Forward-looking statements can be identified by the use of words
such as "are expected", "is forecast", "is targeted",
"approximately", "plans", "anticipates" "projects", "anticipates",
"continue", "estimate", "believe" or variations of such words and
phrases or statements that certain actions, events or results
"may", "could", "would", "might", or "will" be taken, occur or be
achieved. In this news release, information contained in
forward-looking statements is based on current expectations that
involve a number of known and unknown risks and uncertainties,
including, among others, uncertainties with respect to the
availability of qualified personnel or management and uncertainties
inherent to capital markets in general, which, if incorrect, may
cause actual results to differ materially from those anticipated by
Jaguar and described herein.
For additional information with respect to these and other
factors and assumptions underlying the forward-looking statements
made in this news release, see the Company's most recent annual
information form and management's discussion and analysis, as well
as other public disclosure documents that can be accessed under the
issuer profile of "Jaguar Mining Inc." on SEDAR at
www.sedar.com. The forward-looking statements set forth
herein reflect Jaguar's expectations as at the date of this news
release and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required by law. The
forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Jaguar Mining Inc.