VANCOUVER, BC and
DENVER, CO, June 30, 2020 /CNW/ - SSR Mining Inc. (NASDAQ:
SSRM) (TSX: SSRM) ("SSR Mining") and Alacer Gold Corp. (TSX: ASR)
(ASX: AQG) ("Alacer") are pleased to announce that, in connection
with their previously announced at-market merger of equals (the
"Transaction"), the Australian Securities Exchange (the "ASX") has
granted SSR Mining conditional approval to be admitted to the
official list of the ASX and SSR Mining CHESS Depositary Interests
(CDIs) to be officially quoted on the ASX. The conditional approval
is subject to customary conditions, including requisite approvals
of the shareholders of SSR Mining and Alacer at their respective
special meetings of shareholders to be held on July 10, 2020 and final court approval.
Details of the settlement timetable for the Alacer CDIs are in
the process of being confirmed with ASX Settlement. It is
anticipated that after remaining shareholder, court and regulatory
approvals for the Transaction are obtained and closing of the
Transaction is ready to be initiated, trading in Alacer CDIs will
go into suspension for a period of approximately two trading days
while closing of the Arrangement occurs. During that time, the
ability to convert Alacer CDIs into the underlying common shares of
Alacer, and vice versa, may be restricted.
Following the closing of the Arrangement, it is expected that
the new SSR Mining CDIs will initially trade on the ASX on a
deferred settlement basis for approximately four to five trading
days, following which SSR Mining CDIs will be issued and trading on
a normal settlement basis. Further details with respect to the
satisfaction of remaining key conditions for the Transaction and an
anticipated closing date will be provided at the appropriate time.
Holding statements (to issuer sponsored holders) and confirmation
advices (to CHESS holders) are expected to be dispatched on the
issuance date of the SSR Mining CDIs.
This information in this news release related to the timing of
Australian settlement of Alacer CDIs and issuance of SSR Mining
CDIs supplements and updates the information in respect thereof
contained in the joint management information circular of SSR
Mining and Alacer dated June 2,
2020.
Alacer Australian Shareholders
If you are a holder of Alacer CDIs in Australia and receive a voting instruction
form from Link Market Services Limited ("Link"), please complete
and return the form in accordance with the instructions provided by
Link. Note the deadline for Alacer CDI holders is earlier than the
proxy cut-off; voting instructions must be received by Monday, July 6, 2020 at 12:00 p.m. noon (MDT).
Your support is important. Holders of Alacer CDIs are urged
to vote today ahead of the voting deadline.
Shareholder Questions
If you have any questions regarding the Meetings or the
Transaction, please contact our joint strategic shareholder advisor
and proxy solicitation agent, Kingsdale Advisors, by telephone at
1-888-518-1557 (toll-free in North
America), 1-800-155-612 (toll-free in Australia), or 416-867-2272 (for collect calls
elsewhere) or by email at
contactus@kingsdaleadvisors.com.
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. SSR Mining also has two feasibility
stage projects and a portfolio of exploration properties in North
and South America. SSR Mining is
committed to delivering safe production through relentless emphasis
on Operational Excellence. SSR Mining is also focused on growing
production and Mineral Reserves through the exploration and
acquisition of assets for accretive growth, while maintaining
financial strength.
About Alacer
Alacer is a leading low-cost intermediate gold producer whose
primary focus is to leverage its cornerstone Çöpler Gold Mine and
strong balance sheet as foundations to continue its organic
multi-mine growth strategy, maximize free cash flow, and therefore
create maximum value for shareholders. The Çöpler Gold Mine is
located in east-central Turkey in
the Erzincan Province, approximately 1,100 kilometers ("km")
southeast from Istanbul and 550km
east from Ankara, Turkey's capital
city.
SSR Mining Contacts
Paul Benson, President, CEO &
Director
W. John DeCooman, Jr., Senior Vice
President, Business Development and Strategy
Michael McDonald, Director, Investor
Relations
SSR Mining Inc.
Vancouver, BC
E-Mail: invest@ssrmining.com
Alacer Contacts
Rodney P. Antal, President, CEO
& Director
F. Edward Farid, Senior Vice
President, Business Development & Investor Relations
Lisa Maestas, Director, Investor
Relations
Alacer Gold Corp.
Denver, CO
E-Mail: info@alacergold.com
Cautionary Note Regarding Forward-Looking Information and
Statements:
Except for statements of historical fact relating to Alacer
or SSR Mining, certain statements contained in this press release
constitute forward-looking information, future oriented financial
information, or financial outlooks (collectively "forward-looking
information") within the meaning of Canadian securities laws.
Forward-looking information may be contained in this document and
other public filings of Alacer or SSR Mining. Forward-looking
information relates to statements concerning Alacer's or SSR
Mining's outlook, anticipated events or results, statements as to
Alacer and SSR Mining management expectations with respect to the
Transaction and the combined company and in some cases, can be
identified by terminology such as "may", "will", "could", "should",
"expect", "plan", "anticipate", "believe", "intend", "estimate",
"projects", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical
facts.
This press release also contains forward-looking statements
regarding the anticipated completion of the Transaction and timing
thereof, as well as the listing of SSR Mining CDIs and settlement
and trading of Alacer CDIs. Forward-looking statements in this
press release are based on certain key expectations and assumptions
made by Alacer and SSR Mining, including expectations and
assumptions concerning the receipt, in a timely manner, of
regulatory and stock exchange approvals in respect of the
Transaction. Although Alacer and SSR Mining believe that the
expectations and assumptions on which such forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because Alacer and SSR
Mining can give no assurance that they will prove to be correct.
Forward-looking statements are subject to various risks and
uncertainties which could cause actual results and experience to
differ materially from the anticipated results or expectations
expressed in this press release. The key risks and uncertainties
include, but are not limited to governmental and regulatory
requirements and actions by governmental authorities, including
changes in government policy, government ownership requirements,
changes in environmental, tax and other laws or regulations and the
interpretation thereof; developments with respect to the COVID-19
pandemic, including the duration, severity and scope of the
pandemic and potential impacts on mining operations; and other risk
factors detailed from time to time in Alacer and SSR Mining reports
filed with the Canadian securities regulatory authorities. There
are also risks that are inherent in the nature of the Transaction,
including failure to obtain any required regulatory and other
approvals (or to do so in a timely manner). The anticipated
timeline for completion of the Transaction may change for a number
of reasons, including the inability to secure necessary regulatory,
stock exchange or other approvals in the time assumed, developments
with respect to the COVID-19 pandemic or the need for additional
time to satisfy the conditions to the completion of the
Transaction. As a result of the foregoing, readers should not place
undue reliance on the forward-looking statements contained in this
press release concerning the timing of the Transaction.
Such forward-looking information and statements are based on
a number of material factors and assumptions, including, but not
limited in any manner to, those disclosed in any other of Alacer's
or SSR Mining's filings, and include the inherent speculative
nature of exploration results; the ability to explore;
communications with local stakeholders; maintaining community and
governmental relations; status of negotiations of joint ventures;
weather conditions at Alacer's or SSR Mining's operations;
commodity prices; the ultimate determination of and realization of
mineral reserves; existence or realization of mineral resources;
the development approach; availability and receipt of required
approvals, titles, licenses and permits; sufficient working capital
to develop and operate the mines and implement development plans;
access to adequate services and supplies; foreign currency exchange
rates; interest rates; access to capital markets and associated
cost of funds; availability of a qualified work force; ability to
negotiate, finalize, and execute relevant agreements; lack of
social opposition to the mines or facilities; lack of legal
challenges with respect to the property of Alacer or SSR Mining;
the timing and amount of future production; the ability to meet
production, cost, and capital expenditure targets; timing and
ability to produce studies and analyses; capital and operating
expenditures; economic conditions; availability of sufficient
financing; the ultimate ability to mine, process, and sell mineral
products on economically favorable terms; and any and all other
timing, exploration, development, operational, financial,
budgetary, economic, legal, social, geopolitical, regulatory and
political factors that may influence future events or conditions.
While we consider these factors and assumptions to be reasonable
based on information currently available to us, they may prove to
be incorrect.
You should not place undue reliance on forward-looking
information and statements. Forward-looking information and
statements are only predictions based on our current expectations
and our projections about future events. Actual results may vary
from such forward-looking information for a variety of reasons
including, but not limited to, risks and uncertainties disclosed in
Alacer's filings on its website at www.alacergold.com, on SEDAR at
www.sedar.com and on the ASX at www.asx.com.au and SSR Mining's
filings on its website at www.ssrmining.com, on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov, and other unforeseen
events or circumstances. Other than as required by law, Alacer and
SSR Mining do not intend, and undertake no obligation to update any
forward-looking information to reflect, among other things, new
information or future events.
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SOURCE SSR Mining Inc.