Jaguar Resources Inc.
Description
Jaguar Resources Inc. announced Jan. 8, pursuant to an executed letter agreement dated January 8, 2019, that Jaguar has received a stand-by Letter of Credit for $132 million. The letter has been issued from a large European based Bank. The letter is for the term of forty five days from the date of issuance for the benefit of Jaguar Resources Inc. The company has agreed to pay to the Issuing Lender a fee of for this service. It will be used for to evaluate international and US assets. It cannot be used to evaluate or purchase of any Canadian assets. The Jaguar board of directors has approved the issuance of the LC on January 7, 2019.