Jaguar Resources Inc. Announces the Issuance of Shares for Debt

World News: . []

CALGARY, Alberta, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Jaguar Resources Inc. ("" or the "") (TSX-V: JRI) is pleased to announce that Jaguar has received TSXV approval to issue 7,148,003 Common Shares at a deemed price of $1.20 CDN per Common Share to settle approximately $8,577,603.40 CDN of corporate debt owed to various arm's and non-arm’s length parties of the Company (the "").  The Company also intends to settle all amounts owing to Shadow Tree Income Fund A LP and any remaining payables owed by Jaguar, either pursuant to the Share Settlement or with unallocated proceeds from the Private Placement.

As part of the approved Share Settlement, the Company will convert 492,546 Common Shares in promissory notes at $1.20 per share to settle $591,054.80 CDN of corporate debt, bonus shares, and interest owed to various arm's length parties of the Company.  The Company will also issue 36,667 Common Shares, or 20% bonus shares, at a deemed price of $1.20 CDN per Common Share as part of the $44,000.00 CDN Promissory note payments. 

The securities issued pursuant to the Share Settlement will be subject to a four (4) month hold period which expires on December 10, 2018.  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.  More particularly and without limitation, this news release contains forward-looking statements and information concerning the Share Settlement, the Private Placement and the Transaction. The forward-looking statements and information are based on certain key expectations and assumptions made by Jaguar, including the Exchange approving the Share Settlement and the Private Placement, timely satisfaction of the Release Conditions, shareholders approving the Transaction, the approval of shareholders for the creation of a new "control person" and the closing of the Private Placement and the Transaction.  Although Jaguar believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable in the circumstances, undue reliance should not be placed on the forward-looking statements and information because Jaguar can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to the Private Placement or the Transaction, legal or regulatory impediments regarding completion of the the Private Placement and the Transaction, Jaguar’s inability to satisfy the Release Conditions and Jaguar being unable to complete the Private Placement or the Transaction on terms acceptable to the Company or at all. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Jaguar undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law or the TSX Venture Exchange.

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Globe Newswire: 22:12 GMT Friday 10th August 2018

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