The share price of TSX-listed Jaguar Mining rose 42% on Tuesday, following a proposed nonbrokered private placement in which the company will seek to raise up to $25-million.
The shares would be offered at a discounted C$0.085 each, the Brazil-focused gold junior said, noting that its last closing price prior to the announcement was C$0.12 a share. The stock closed at C$0.17 apiece on Tuesday.