Mr. Paul Benson of SSR Mining reports
SSR MINING RECEIVES CONDITIONAL LISTING APPROVAL ON THE ASX IN CONNECTION WITH ITS PROPOSED MERGER WITH ALACER GOLD
In connection with SSR Mining Inc. and Alacer Gold Corp.'s previously announced at-market merger of equals, the Australian Securities Exchange has granted SSR Mining conditional approval to be admitted to the official list of the ASX, and SSR Mining Chess depositary interests (CDIs) will 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.
The information in this news release related to the timing of the Australian settlement of Alacer CDIs and the 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 Ltd., 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 July 6, 2020, at 12 p.m. MDT.
Your support is important. Holders of Alacer CDIs are urged to vote today ahead of the voting deadline.
If you have any questions regarding the meetings or the transaction, please contact the joint strategic shareholder adviser 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 e-mail at email@example.com.
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 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 increasing production and mineral reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.
About Alacer Gold Corp.
Alacer is a leading low-cost intermediate gold producer whose primary focus is to leverage its cornerstone Copler gold mine and strong balance sheet as foundations to continue its organic multimine growth strategy, maximize free cash flow and therefore create maximum value for shareholders. The Copler gold mine is located in east-central Turkey in the Erzincan province, approximately 1,100 kilometres southeast of Istanbul and 550 kilometres east of Ankara, Turkey's capital city.
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