VANCOUVER, July 23, 2019 /CNW/ - SSR Mining Inc.
(NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") is pleased to
announce that it has elected to exercise its equity
participation right pursuant to its agreement with SilverCrest
Metals Inc. (TSXV:SIL) (NYSE American: SILV) ("SilverCrest") dated
November 28, 2018 and will purchase
718,000 common shares of SilverCrest, on the same terms as the
bought deal public offering announced by SilverCrest on
July 23, 2019 (the "Private
Placement"). The additional shares will be acquired at a price of
C$5.85 per common share for
total consideration of C$4,200,300.
Upon closing of the Private Placement, SSR Mining will own a
total of 8,938,645 common shares, representing approximately 9.9%
of the issued and outstanding common shares of SilverCrest on a
non-diluted basis. The Private Placement is expected to close
concurrently with or not more than three business days after
completion of the public offering by SilverCrest.
Paul Benson, President and CEO of
SSR Mining said, "Our participation to maintain a 9.9% ownership
interest in SilverCrest provides SSR Mining shareholders with
exposure to a high-grade, developable deposit as management
de-risks the Las Chispas project."
Closing of the Private Placement is subject to the receipt by
SilverCrest of all necessary regulatory approvals, including the
approval of the TSX Venture Exchange.
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer
with three operations, including the Marigold mine in Nevada, U.S., the Seabee Gold Operation in
Saskatchewan, Canada and the
75%-owned and operated Puna Operations joint venture in Jujuy,
Argentina. We also have two
feasibility stage projects and a portfolio of exploration
properties in North and South
America. We are committed to delivering safe production
through relentless emphasis on Operational Excellence. We are also
focused on growing production and Mineral Reserves through the
exploration and acquisition of assets for accretive growth, while
maintaining financial strength.
To receive SSR Mining's news releases by
e-mail, please register using the SSR Mining website at
www.ssrmining.com.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains forward-looking information within
the meaning of Canadian securities laws and forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, "forward-looking
statements") concerning the anticipated developments in our
operations in future periods, and other events or conditions that
may occur or exist in the future. All statements, other than
statements of historical fact, are forward-looking statements.
Generally, forward-looking statements can be identified by the use
of words or phrases such as "expects," "anticipates," "plans,"
"projects," "estimates," "assumes," "intends," "strategy," "goals,"
"objectives," "potential," "believes," or variations thereof, or
stating that certain actions, events or results "may," "could,"
"would," "might" or "will" be taken, occur or be achieved, or the
negative of any of these terms or similar
expressions. The forward-looking statements in this
news release relate to, among other things: the expected closing
date of the Private Placement; and the receipt of all required
regulatory approvals, including the approval of the TSX Venture
Exchange. These forward-looking statements are subject to a variety
of known and unknown risks, uncertainties and other factors that
could cause actual events or results to differ from those expressed
or implied, including, without limitation, those various risks and
uncertainties identified under the heading "Risk Factors" in our
most recent Annual Information Form filed with the Canadian
securities regulatory authorities and included in our most recent
Annual Report on Form 40-F filed with the U.S. Securities and
Exchange Commission. Our forward-looking statements are based on
what our management considers to be reasonable assumptions,
beliefs, expectations and opinions based on the information
currently available to it. We cannot assure you that actual events,
performance or results will be consistent with these
forward-looking statements, and management's assumptions may prove
to be incorrect. Our forward-looking statements reflect current
expectations regarding future events and speak only as of the date
hereof and we do not assume any obligation to update
forward-looking statements if circumstances or management's
beliefs, expectations or opinions should change other than as
required by applicable law. For the reasons set out above, you
should not place undue reliance on forward-looking
statements.
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SOURCE SSR Mining Inc.