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News Release. SSR Mining (TSX: SSRM) and Alacer Gold (TSX: ASR)(ASX: AQG) announced Friday the receipt of shareholder approvals for the previously announced at-market merger. and will be led by Rod Antal as President & CEO and Michael Anglin as Chairman. SSR Mining Inc. (NASDAQ: SSRM and TSX: SSRM) ("SSR Mining") and Alacer Gold Corp. (TSX: ASR and ASX: AQG) ("Alacer") are pleased to announce that they have entered into a definitive agreement (the "Agreement") to combine in an at-market merger of equals pursuant to a plan of arrangement under the Business Corporations Act (Yukon) (the "Transaction"). National Bank Financial Inc. and TD Securities Inc. have provided fairness opinions dated May 9, 2020 to the Board of Directors and the Special Committee of independent directors of SSR Mining, respectively, stating that, as of the date of such opinions and based upon and subject to the assumptions, limitations and qualifications stated in such opinions, the consideration to be paid by SSR Mining to the shareholders of Alacer is fair, from a financial point of view, to SSR Mining. All other callers: +1 (412) 317-0088, replay code 4566.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. Both votes are expected to be held in July.SSR has a right to match any superior proposals, and there is a $70 million reciprocal termination fee applicable to both companies.Shares of SSR Mining and Alacer Gold were down 8.0% and 7.2% respectively on the TSX at noon EST, erasing the gains recorded at market open Monday.Why would Alacer’s stockholders approve this deal?
The move also comes on the back of a record year of mergers and acquisitions in the sector, including some of of the biggest deals in a decade in 2019. (RTTNews) - SSR Mining Inc. (SSRM, SSRM.TO) and Alacer Gold Corp. (ASR.TO, AQG.AX) said that they have reached a definitive agreement to combine in an at-market merger of equals. SSR Mining Reports Second Quarter 2020 Results. Alacer 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 … Alacer Gold Corp. is a leading intermediate gold mining company, with an 80% interest in the world-class Çöpler Gold Mine in Turkey. SSR MINING AND ALACER GOLD ANNOUNCE AT-MARKET MERGER OF EQUALS TO CREATE A FREE CASH FLOW FOCUSED, DIVERSIFIED GOLD PRODUCER. SSR Mining shareholders approved the transaction by approximately 96.5% of the votes cast.The Çöpler mine in eastern Turkey. Our focus at Alacer over the past several years has been on generating peer-leading free cash flow – this merger allows us to continue this strategy while diversifying our single operating asset exposure. Canadian precious metals miner SSR Mining (NASDAQ, TSX: SSRM) Under the terms of the agreement, Alacer shareholders will receive 0.3246 of an SSR share per Alacer share held, which equates to a consideration of C$8.19 per share ($5.84) – matching Alacer’s closing price on the TSX last Friday. The new company, which will be headquartered in Denver, Colorado, will have operational mines in four countries and will be led by Alacer Chief Executive Officer Rodney Antal, the two companies said on Monday. Company has entered into a definitive agreement with Quebec’s Caisse de depot et placement to acquire an outstanding 15% interest in a portfolio of Canadian precious metals royalties for C$12.5 million, funded by cash on hand. News Release.

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