VANCOUVER, Feb. 13, 2020 /PRNewswire/ - SSR Mining Inc.
(NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") today announced that it
intends to redeem for cash all of its outstanding 2.875% Senior
Convertible Notes due 2033 (the "2013 Notes") on March 30, 2020 (the "Redemption Date") totaling
an aggregate principal amount of $114,947,000, in each case, at a redemption price
equal to 100% of the aggregate principal amount thereof, plus
accrued and unpaid interest to, but excluding, the Redemption Date
(the "Redemption Price"). Following the redemption of the 2013
Notes, no 2013 Notes will remain outstanding.
In order to receive the Redemption Price, the Notes must be
presented to The Bank of New York Mellon, as paying agent, at
the address set forth in the notice of redemption delivered to
holders for the 2013 Notes (the "Notice"). The Notice is being sent
to all registered holders today. Interest on the 2013 Notes will
cease to accrue on and after the Redemption Date, and the only
remaining right of holders of the 2013 Notes is to receive payment
of the Redemption Price.
This press release is for informational purposes only and shall
not constitute a notice of redemption of the 2013 Notes or an offer
to purchase, or a solicitation of an offer to sell, any 2013 Notes
or other securities.
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 redemption of the 2013
Notes. 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.