SRZ Advises Jaguar Mining on Major Recapitalization

SRZ served as U.S. legal advisor to Canadian-chartered Jaguar Mining Inc. on a major recapitalization and financing transaction. The deal, which was announced on Nov. 13, 2013, exchanges $268.5 million of convertible notes for equity, significantly reducing the company’s debt and increasing its liquidity for operational improvements and capital investments. Jaguar Mining is a junior gold producer in Brazil with operations in a prolific greenstone belt in the state of Minas Gerais. The company owns the Gurupi Project in Northeastern Brazil in the state of Maranhão and owns or controls additional mineral resources in a land base of approximately 210,000 hectares (over 800 square miles). The SRZ team for this transaction included business reorganization partner Adam C. Harris.