VANCOUVER, Jan. 31, 2020 /PRNewswire/ - SSR Mining Inc.
(NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") today announces the
results of the repurchase at the option of holders of our 2.875%
Senior Convertible Notes due 2033 (CUSIP No. 82823L AC0) (the
"Notes") issued pursuant to the Indenture governing the Notes,
dated as of January 16, 2013 between
SSR Mining and The Bank of New York Mellon, as trustee (the
"Indenture"), pursuant to which each holder (each a "Holder") had
the right (the "Put Option") to require SSR Mining to repurchase
all of such Holder's Notes, or any portion thereof that is a
multiple of $1,000 principal amount,
on February 1, 2020. The Put Option
expired at 5:00 p.m., New York City time, on January 31, 2020 and was not extended.
We have been advised by The Bank of New York Mellon, the paying
agent for the Notes, that as of the expiration of the Put Option,
$49,000 aggregate principal amount of
the Notes, representing approximately 0.043% of the outstanding
Notes were validly surrendered for purchase (and not validly
withdrawn). We have accepted for purchase all of the Notes that
were validly surrendered for purchase (and not validly
withdrawn).
After the commencement of the Put Option and prior to the
expiration thereof, $4,000 aggregate
principal amount of the Notes were converted into our common shares
in accordance with the terms of the Notes and the Indenture.
Accordingly, following the settlement of the Put Option,
$114,947,000 aggregate principal
amount of the Notes remain outstanding. The remaining outstanding
Notes are callable by SSR Mining at par, plus accrued and unpaid
interest thereon, if any, at any time at our election giving due
notice, in accordance with the terms and conditions of the
Indenture.
About SSR Mining
SSR Mining Inc. is a Canadian-based precious metals producer
with three operations, including the Marigold gold mine in
Nevada, U.S., the Seabee Gold
Operation in Saskatchewan, Canada
and Puna Operations 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.
For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: invest@ssrmining.com
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, statements regarding the Put Option and the
redemption of any remaining outstanding Notes by us. 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, the following: general market
conditions, including market factors affecting the price of bonds
and equity securities; the amount of cash generated from the
business; prevailing interest rates; and 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.