VANCOUVER, Dec. 20, 2019 /CNW/ - SSR Mining Inc. (NASDAQ:
SSRM) (TSX: SSRM) ("SSR Mining") announces today that on
December 19, 2019 it received an
additional 24,160,385 common shares (the "AbraPlata Shares") of
AbraPlata Resource Corp. ("AbraPlata") and C$200,000 cash payment in connection with the
Plan of Arrangement (the "Arrangement") between AbraPlata and
Aethon Minerals Corporation, as consideration for our agreement to
amend our purchase and sale agreement in respect of the sale of the
Diablillos and M-18 projects.
The sale of the Diablillos and M-18 projects was previously
announced in our news release dated September 19, 2016. This transaction demonstrates
our continued focus on maximizing the value of our project
portfolio.
As of the date of the Arrangement, SSR Mining holds an aggregate
of 39,616,989 AbraPlata shares.
The early warning report pursuant to National Instrument 62-103
– The Early Warning System and Related Take Over Bid and Insider
Reporting Issues, containing further disclosure in respect of
the acquisition of the AbraPlata Shares and the foregoing matters,
will be filed and available for viewing on AbraPlata's SEDAR
profile at www.sedar.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. 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.
For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: invest@ssrmining.com
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") concerning the anticipated developments in our
operations in future periods, and other events or conditions that
may occur or exist in the future. 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 our
intentions with respect to the AbraPlata Shares we presently hold,
any future acquisitions or dispositions of AbraPlata Shares by us
or our affiliates, and the facts which may affect any decisions to
pursue any such acquisitions or dispositions. 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.