VANCOUVER, March 12, 2019 /CNW/ - SSR Mining Inc.
(NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") announces that it is
offering US$200 million aggregate
principal amount of unsecured convertible senior notes due 2039
(the "Notes") pursuant to private placement exemptions (the
"Offering"). SSR Mining expects to grant the initial purchasers of
the Notes an option to purchase up to an additional US$30 million 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% 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 "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 (the "Securities Act"), 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.
This news release is neither an offer to sell nor the
solicitation of an offer to buy the Notes or the Shares into which
the Notes are convertible, and shall not constitute an offer to
sell or solicitation of an offer to buy, or a sale of, the Notes or
the Shares into which the Notes are convertible in any jurisdiction
in which such offer, solicitation or sale is unlawful.
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 the 75%-owned and operated Puna Operations joint venture 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.
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"). 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 proposed terms of the Offering and the proposed
use of proceeds of the Offering. 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.