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SSR Mining Receives Conditional Listing Approval on the ASX in Connection with its Proposed Merger with Alacer Gold
VANCOUVER, BC and DENVER, CO, June 30, 2020 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") and Alacer Gold Corp. (TSX: ASR) (ASX:
About this update from Ssr Mining Inc.
[{"type":"text","content":"VANCOUVER, BC and DENVER, CO, June 30, 2020 /PRNewswire/ - SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (\"SSR Mining\") and Alacer Gold Corp. (TSX: ASR) (ASX: AQG) (\"Alacer\") are pleased to announce that, in connection with their previously announced at-market merger of equals (the \"Transaction\"), the Australian Securities Exchange (the \"ASX\") has granted SSR Mining conditional approval to be admitted to the official list of the ASX and SSR Mining CHESS Depositary Interests (CDIs) to be officially quoted on the ASX. The conditional approval is subject to customary conditions, including requisite approvals of the shareholders of SSR Mining and Alacer at their respective special meetings of shareholders to be held on July 10, 2020 and final court approval. \nDetails of the settlement timetable for the Alacer CDIs are in the process of being confirmed with ASX Settlement. It is anticipated that after remaining shareholder, court and regulatory approvals for the Transaction are obtained and closing of the Transaction is ready to be initiated, trading in Alacer CDIs will go into suspension for a period of approximately two trading days while closing of the Arrangement occurs. During that time, the ability to convert Alacer CDIs into the underlying common shares of Alacer, and vice versa, may be restricted.\nFollowing the closing of the Arrangement, it is expected that the new SSR Mining CDIs will initially trade on the ASX on a deferred settlement basis for approximately four to five trading days, following which SSR Mining CDIs will be issued and trading on a normal settlement basis. Further details with respect to the satisfaction of remaining key conditions for the Transaction and an anticipated closing date will be provided at the appropriate time. Holding statements (to issuer sponsored holders) and confirmation advices (to CHESS holders) are expected to be dispatched on the issuance date of the SSR Mining CDIs. \nThis information in this news release related to the timing of Australian settlement of Alacer CDIs and issuance of SSR Mining CDIs supplements and updates the information in respect thereof contained in the joint management information circular of SSR Mining and Alacer dated June 2, 2020. \nAlacer Australian Shareholders\nIf you are a holder of Alacer CDIs in Australia and receive a voting instruction form from L...