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SSR Mining and Alacer Gold Complete At-Market Merger of Equals Transaction
SSR Mining and Alacer Gold Complete At-Market Merger of Equals Transaction Canada ...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nSSR Mining and Alacer Gold Complete At-Market Merger of Equals Transaction\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, Sept. 16, 2020\n\n\n\nVANCOUVER, BC and DENVER, Sept. 16, 2020 /CNW/ - SSR Mining Inc. (TSX: SSRM) (NASDAQ: SSRM) (ASX: SSR) (\"SSR Mining\") and Alacer Gold Corp. (TSX: ASR) (ASX: AQG) (\"Alacer\") are pleased to announce the successful completion of the previously announced merger of equals transaction (the \"Transaction\") following the receipt of all regulatory approvals and the satisfaction of all closing conditions. Pursuant to a plan of arrangement (the \"Arrangement\") under the Business Corporations Act (Yukon), each of the issued and outstanding common shares of Alacer have been exchanged for 0.3246 of an SSR Mining common share. As a result of the Arrangement, Alacer has become a wholly owned subsidiary of SSR Mining. At the close of market yesterday, SSR Mining had a pro forma market capitalization of approximately US$5 billion, with one of the strongest balance sheets and free cash flow profiles in the gold sector. \nAs previously announced, the newly constituted board of directors is comprised of five directors from each of the previous SSR Mining and Alacer boards for a total of 10 directors, including the CEO. Effective immediately, the SSR Mining board consists of Michael Anglin as Chairman, Rod Antal, Thomas Bates, Brian Booth, Edward Dowling, Simon Fish, Alan Krusi, Beverlee Park, Kay Priestly and Elizabeth Wademan.\nRegarding the executive team, Rod Antal holds the position of President & CEO of SSR Mining and the executive team includes:  \nStewart Beckman, EVP, Chief Operating Officer F. Edward Farid, EVP, Chief Corporate Development Officer Gregory Martin, EVP, Chief Financial Officer Michael Sparks, EVP, Chief Legal & Administrative OfficerSSR Mining common shares continue trading under the ticker SSRM on the Toronto Stock Exchange (\"TSX\") and Nasdaq Global Select Market (\"NASDAQ\"), and SSR Mining CHESS Depositary Interests (\"CDIs\") are expected ...