09:42 AM EST - Jaguar Mining Inc. : said that it has entered into an agreement with a group of initial purchasers to issue and sell $150 million U.S. of 4.50% senior convertible notes due 2014. The closing of the offering of the notes is expected to occur on or about September 15, subject to the satisfaction of customary closing conditions. The company has granted the initial purchasers a 30-day option to purchase up to an additional $15 million U.S. of notes to cover over-allotments, if any. The size of the offering was increased from the initial $110 million to $150 million U.S. Jaguar said it expects to receive net proceeds of about $144.6 million U.S. from the offering of the notes, or about $159.1 million U.S. if the initial purchasers' over-allotment option is exercised in full. Jaguar Mining Inc.
shares T.JAG are trading even at $10.70.
