BELO HORIZONTE, Brazil, Dec. 3, 2012 /CNW/ - Jaguar Mining Inc. ("Jaguar" or "the Company") (JAG: TSX) (JAG: NYSE) today announced that the New York Stock Exchange has notified the Company that it has fallen below the NYSE's continued listing standard relating to the price of its common stock. The NYSE requires that the average closing price of a listed company's common stock be above $1.00 per share over a consecutive 30 trading-day period. As of November 30, 2012, the date of the NYSE notice, the 30 trading-day average closing price of Jaguar's common stock was $0.94 per share.
Under the NYSE's rules, Jaguar has a period of six months to bring its share price and 30 trading-day average share price back above $1.00. During this period, Jaguar's common stock will continue to be traded on the NYSE, subject to compliance with all other NYSE continued listing requirements. As required by the NYSE in order to maintain its listing, Jaguar will notify the NYSE by December 14, 2012 that it intends to cure the price deficiency.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001279569-12-001408.txt&FilePath=\2012\12\04\&CoName=JAGUAR+MINING+INC&FormType=6-K&RcvdDate=12%2F4%2F2012&pdf=
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