DENVER, April 14,
2022 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM)
(TSX: SSRM) (ASX: SSR) ("SSR Mining" or the "Company") is pleased
to announce that it has completed the previously announced plan of
arrangement (the "Arrangement") to acquire all of the issued and
outstanding shares of Taiga Gold Corp. (CSE: TGC) ("Taiga
Gold").
With this transaction, SSR Mining has consolidated a 100%
interest in the Fisher property contiguous to its Seabee mine,
eliminated a 2.5% net smelter return ("NSR") royalty on the Fisher
property, and added five new properties covering over 29,100
hectares to complement the Company's existing exploration platform
in the underexplored and geologically prospective Province of
Saskatchewan. SSR Mining's
Saskatchewan assets now cover an
area of approximately 131,150 hectares.
Under the terms of the Arrangement, SSR Mining acquired all of
the issued and outstanding common shares of Taiga Gold ("Common Shares") by way of a
court-approved plan of arrangement under Section 193 of the
Business Corporations Act (Alberta). Each Taiga
Gold shareholder will receive cash consideration of
C$0.265 without interest for each
Common Share held, representing aggregate consideration of
approximately C$30 million.
The Common Shares will be delisted from the Canadian Securities
Exchange, following which, Taiga
Gold will cease to be a reporting issuer under applicable
Canadian securities laws.
About SSR Mining
SSR Mining Inc. is a leading, free cash flow focused gold
company with four producing assets located in the USA, Turkey,
Canada, and Argentina, combined with a global pipeline of
high-quality development and exploration assets. In 2021, the four
operating assets produced approximately 794,000 gold-equivalent
ounces. SSR Mining is listed under the ticker symbol SSRM on the
NASDAQ and the TSX, and SSR on the ASX.
SSR Mining Contacts:
F. Edward Farid, Executive Vice
President, Chief Corporate Development Officer
Alex Hunchak, Director, Corporate
Development and Investor Relations
SSR Mining Inc.
E-Mail: invest@ssrmining.com
Phone: +1 (416) 306-5789
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 Information and
Statements:
Except for statements of historical fact relating to us,
certain statements contained in this news release constitute
forward-looking information, future oriented financial information,
or financial outlooks (collectively "forward-looking information")
within the meaning of applicable securities laws. Forward-looking
information may be contained in this document and our other public
filings. Forward-looking information relates to statements
concerning our outlook and anticipated events or results and in
some cases, can be identified by terminology such as "may", "will",
"could", "should", "expect", "plan", "anticipate", "believe",
"intend", "estimate", "projects", "predict", "potential",
"continue" or other similar expressions concerning matters that are
not historical facts.
Forward-looking information and statements in this news
release are based on certain key expectations and assumptions made
by us. Although we believe that the expectations and assumptions on
which such forward-looking information and statements are based are
reasonable, undue reliance should not be placed on the
forward-looking information and statements because we can give no
assurance that they will prove to be correct. Forward-looking
information and statements are subject to various risks and
uncertainties which could cause actual results and experience to
differ materially from the anticipated results or expectations
expressed in this news release. The key risks and uncertainties
include, but are not limited to: local and global political and
economic conditions; governmental and regulatory requirements and
actions by governmental authorities, including changes in
government policy, government ownership requirements, changes in
environmental, tax and other laws or regulations and the
interpretation thereof; developments with respect to the COVID-19
pandemic, including the duration, severity and scope of the
pandemic and potential impacts on mining operations; and other risk
factors detailed from time to time in our reports filed with the
Securities and Exchange Commission on EDGAR and the Canadian
securities regulatory authorities on SEDAR.
Forward-looking information and statements in this news
release include any statements concerning, among other things:
delisting of Taiga Gold shares and
deregistration of Taiga Gold; and
any and all other timing, exploration, development, operational,
financial, budgetary, economic, legal, social, environmental,
regulatory, and political matters that may influence or be
influenced by future events or conditions.
Such forward-looking information and statements are based on
a number of material factors and assumptions, including, but not
limited in any manner to, those disclosed in any other of our
filings on EDGAR and SEDAR. While we consider these factors and
assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect.
The above list is not exhaustive of the factors that may
affect any of the Company's forward-looking information. You should
not place undue reliance on forward-looking information and
statements. Forward-looking information and statements are only
predictions based on our current expectations and our projections
about future events. Actual results may vary from such
forward-looking information for a variety of reasons including, but
not limited to, risks and uncertainties disclosed in our filings on
our website at www.ssrmining.com, on SEDAR at www.sedar.com, on
EDGAR at www.sec.gov and on the ASX at www.asx.com.au and other
unforeseen events or circumstances. Other than as required by law,
we do not intend, and undertake no obligation to update any
forward-looking information to reflect, among other things, new
information or future events. The information contained on, or that
may be accessed through, our website is not incorporated by
reference into, and is not a part of, this document.
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SOURCE SSR Mining Inc.