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Shareholders Overwhelmingly Approve the Merger of SSR Mining and Alacer Gold
Shareholders Overwhelmingly Approve the Merger of SSR Mining and Alacer Gold Canad...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nShareholders Overwhelmingly Approve the Merger of SSR Mining and Alacer Gold\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC and DENVER, CO, July 10, 2020\n\n\n\nAlacer Gold Shareholders Vote in Favour of the At-Market Merger With 99.9% Votes Cast \"For\" the Resolution SSR Mining Shareholders Vote in Favour of the At-Market Merger With 96.5% Votes Cast \"For\" the Resolution VANCOUVER, BC and DENVER, CO, July 10, 2020 /CNW/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (\"SSR Mining\") and Alacer Gold Corp. (TSX: ASR) (ASX: AQG) (\"Alacer\") are pleased to announce the receipt of 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) (the \"Transaction\"). 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.\nThe Transaction was approved by approximately 99.9% of the votes cast by Alacer shareholders at the special meeting of shareholders that was held today, representing 79.9% of eligible shares voted. SSR Mining shareholders approved the issuance of common shares to complete the Transaction by approximately 96.5% of the votes cast at SSR Mining's special meeting of shareholders that was also held today, representing 61.8% of eligible shares voted.\nThe transaction is expected to close following the receipt of regulatory and final court approvals and other customary closing conditions.\nFull 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.\nAbout SSR Mining\nSSR 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. SSR Mining also has two feasibility stage projects and a portfolio of exploration properties in North ...