Mr. W. John DeCooman reports
SSR MINING LAUNCHES OFFERING OF CONVERTIBLE SENIOR NOTES
SSR Mining Inc. is offering $200-million (U.S.) aggregate principal amount of unsecured convertible senior notes due 2039 pursuant to private placement exemptions. SSR Mining expects to grant the initial purchasers of the notes an option to purchase up to an additional $30-million (U.S.) aggregate principal amount of notes. SSR Mining intends to use the net proceeds of the offering to repurchase, in separate privately negotiated transactions, a portion of its outstanding 2.875 per cent convertible senior notes and for general corporate purposes.
The final terms of the offering will be determined by SSR Mining and the initial purchasers. The notes will bear cash interest semi-annually at a fixed rate and be convertible by holders into SSR Mining common shares. The notes will be redeemable by SSR Mining at its option in certain circumstances. Holders will have the right to require SSR Mining to repurchase their notes upon the occurrence of certain events.
The notes, and the shares into which the notes are convertible, have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or qualified by a prospectus in Canada. The notes and the shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act and may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.
About SSR Mining
Inc.
SSR Mining is a Canadian-based precious metal producer with three operations, including the Marigold gold mine in Nevada, United States, the Seabee gold operation in Saskatchewan, Canada, and the 75-per-cent-owned and operated Puna operations joint venture in Jujuy, Argentina. It also has two feasibility-stage projects and a portfolio of exploration properties in North and South America. It is committed to delivering safe production through relentless emphasis on operational excellence. It is also focused on increasing production and mineral reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.
We seek Safe Harbor.
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