Mr. Michael McDonald reports
SHAREHOLDERS OVERWHELMINGLY APPROVE THE MERGER OF SSR MINING AND ALACER GOLD
SSR Mining Inc. and Alacer Gold Corp. have received the required shareholder approvals for the previously announced at-market merger of equals pursuant to a plan of arrangement under the Business Corporations Act (Yukon). On closing of the transaction, each of the Alacer issued and outstanding common shares will be exchanged for 0.3246 of an SSR Mining common share.
The transaction was approved by approximately 99.9 per cent of the votes cast by Alacer shareholders at the special meeting of shareholders that was held today, representing 79.9 per cent of eligible shares voted. SSR Mining shareholders approved the issuance of common shares to complete the transaction by approximately 96.5 per cent of the votes cast at SSR Mining's special meeting of shareholders that was also held today, representing 61.8 per cent of eligible shares voted.
The transaction is expected to close following the receipt of regulatory and final court approvals, and other customary closing conditions.
Full details concerning the transaction were included in the joint management information circular dated June 2, 2020, of both SSR Mining and Alacer that was mailed to their respective shareholders.
About SSR Mining Inc.
SSR Mining is a Canadian-based precious metals producer with three operations, including the Marigold gold mine in Nevada, the Seabee gold operation in Saskatchewan and Puna Operations in Jujuy, Argentina.
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