VANCOUVER, April 21, 2020 /PRNewswire/ - 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. (TSX: SIL) (NYSE American: SILV) ("SilverCrest") dated
November 28, 2018 to purchase on a
private placement basis 3,597,291 common shares of SilverCrest at
the same price per share as the non-brokered private placement
announced by SilverCrest on April 13,
2020 (the "Private Placement"). The additional shares will
be acquired at a price of C$7.50 per common share for total
consideration of approximately C$27.0
million.
In conjunction with the Private Placement, we have entered into
a transaction with a third party to divest of the 3,597,291
SilverCrest common shares to be acquired pursuant to the Private
Placement at a price of C$7.65 per
common share for a pre-tax gain of approximately C$0.5 million. Following the disposition, we will
continue to own 9,000,645 common shares in
SilverCrest.
Closing of the Private Placement is expected to occur on or
about April 24, 2020 and is subject
to the receipt by SilverCrest of all necessary regulatory
approvals.
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.
SOURCE: SSR Mining Inc.
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: the expected closing
date of the Private Placement; and the receipt of all required
regulatory approvals, including the approval of the Toronto Stock
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.