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BRIEF-Jaguar Resources Inc. Announces The Right To Acquire The Bonds Of Alon Israel Oil Company Ltd.
December 4, 2017 / 9:09 PM / 13 days ago

BRIEF-Jaguar Resources Inc. Announces The Right To Acquire The Bonds Of Alon Israel Oil Company Ltd.

Dec 4 (Reuters) - Jaguar Resources Inc:

* JAGUAR RESOURCES INC. ANNOUNCES THE RIGHT TO ACQUIRE THE BONDS OF ALON ISRAEL OIL COMPANY LTD., PRIVATE PLACEMENT AND CONFIRMS ISSUANCE OF SHARES FOR DEBT

* JAGUAR RESOURCES INC - IN CONJUNCTION WITH CLOSING OF PRIVATE PLACEMENT, JAGUAR PLANS TO ISSUE 6.3 MILLION SHARES AT A DEEMED PRICE OF $1.20 CDN PER SHARE

* JAGUAR RESOURCES INC- PURSUANT TO TRANSACTION, CO WILL PURCHASE A MINIMUM 600 MILLION BONDS AT A PRICE OF $0.35 USD PER BOND

* JAGUAR RESOURCES INC - CONFIRM THAT IT HAS ENTERED INTO A DEFINITIVE ESCROW ARRANGEMENT

* JAGUAR RESOURCES- DEAL PROVIDING THAT UPON CO DELIVERING, OR CAUSING TO BE DELIVERED, NOT LESS THAN $210 MILLION TO A MAXIMUM OF $400 MILLION TO ESCROW AGENT

* JAGUAR RESOURCES-TO FINANCE DEAL, CO IS PROCEEDING WITH PRIVATE PLACEMENT AT C$1.20/SHARE, RAISING OFFERING SIZE TO MAXIMUM OF $450 MILLION Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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