Leading Independent Advisory Firms Iss and Glass Lewis Recommend That Ssr Mining and Alacer GOLD Shareholders Vote FOR the Matters Proposed IN Connection with Proposed Merger
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News Release 20-18
June 25, 2020
LEADING INDEPENDENT ADVISORY FIRMS ISS AND GLASS LEWIS RECOMMEND THAT
SSR MINING AND ALACER GOLD SHAREHOLDERS VOTE FOR THE MATTERS
PROPOSED IN CONNECTION WITH PROPOSED MERGER
ISS and Glass Lewis both state that the proposed merger is in the best
interest of SSR Mining and Alacer shareholders.
SSR Mining Shareholders’ Deadline to Vote is prior to 9:00 a.m. (PDT) on
July 8, 2020.
Alacer Shareholders’ Deadline to Vote is prior to 12:00 p.m. (MDT) on
July 8, 2020.
VANCOUVER, BC & DENVER, CO – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR
Mining”) and Alacer Gold Corp. (TSX: ASR) (ASX: AQG) (“Alacer”) are pleased to announce that
Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have both
recommended that shareholders vote FOR the matters to be voted on at the applicable meetings
(the “Meetings”) in connection with their prev iously announced at-market merger of equals
pursuant to a plan of arrangement under the Business Corporations Act (Yukon) (the
“Transaction”). The SSR Meeting will be held online at 9:00 a.m. (PDT) on July 10, 2020 in a
virtual-only format conducted by live audio webcast. The Alacer Meeting will be held online at
12:00 p.m. noon (MDT) on July 10, 2020 in a virtual-only format conducted by live audio webcast.
Both ISS and Glass Lewis are independent proxy advisory firms which, among other services,
provide proxy voting recommendations to pension funds, investment managers, mutual funds and
other institutional shareholders.
As part of its SSR Mining analysis, ISS stated the following: “The transaction is structured as an
"at-market" merger and the deal appears to make strategic sense as it will result in the creation
of a diversified gold producer with an experi enced management team…Given these factors and
expected synergies by combining the two companies, absence of significant governance
concerns and the ability to respond to superior proposals, shareholder approval of this resolution
is warranted.” Furthermore, in its Alacer analysis, ISS stated: “The combined company will
emerge with a strengthened balance sheet and through ownership of SSR common shares,
Alacer shareholders will continue to participate in the opportunities associated with the combined
company’s assets and properties.”
In addition, Glass Lewis reiterated the positive ISS recommendation as it found “the proposed
arrangement both strategically and financially compelling and structured in a reasonable manner
for SSR shareholders.” Furthermore, Glass Lewis determined “We believe the proposed
transaction represents the best path forward to enhance shareholder value at this time.”
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Welcoming ISS and Glass Lewis’ favourable recommendations, Paul Benson, President, CEO
and Director of SSR Mining commented, “We are pleased that ISS and Glass Lewis have both
recommended in favour of the proposed transaction with Alacer and unanimously recommend
that our shareholders support this strategic merger by following the positive recommendations.”
Sharing the same sentiment, Rod Antal, President, CEO and Director of Alacer stated, “We thank
our shareholders for their ongoing support as the proposed merger is an excellent fit for Alacer
and its stakeholders and therefore recommend our shareholders follow the positive
recommendations of both ISS and Glass Lewis.”
We remind shareholders that your vote is important regardless of how many SSR Mining or Alacer
common shares you own. SSR Mining shareholders are asked to vote their proxy prior to the
proxy voting deadline of Wednesday, July 8, 2020 at 9:00 a.m. (PDT). Alacer shareholders are
asked to vote their proxy prior to the proxy voting deadline of Wednesday, July 8, 2020 at 12:00
p.m. noon (MDT). The Board of Directors of each of SSR Mining and Alacer recommend that
their respective shareholders vote in favour of the matters to be voted on at the applicable
Meetings.
Your support is important. Shareholders are urged to vote today ahead of the voting deadline by
using one of the voting options below.
Registered Shareholders
Registered shareholders can vote their shares in two ways:
1. by proxy either over the internet, by telephone, fax, mail, or personal delivery; or
2. by voting online at the virtual SSR Meeting (for SSR Mining shareholders) or the virtual
Alacer Meeting (for Alacer shareholders).
Beneficial Shareholders
Beneficial shareholders who hold their shares through a broker or other intermediary, please
complete and return the voting instruction form provided to you by your broker or other
intermediary in accordance with the instructions provided therein.
Alacer Australian Shareholders
If you are a holder of Alacer CDIs in Australia and receive a voting instruction form from Link
Market Services Limited (“Link”), please complete and return the form in accordance with the
instructions provided by Link. Note the deadline for Alacer CDI holders is earlier than the proxy
cut-off; voting instructions must be received by Monday, July 6, 2020 at 12:00 p.m. noon (MDT).
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Shareholder Questions
If you have any questions regarding the Meetings or the Transaction, please contact our joint
strategic shareholder advisor and proxy solicitation agent, Kingsdale Advisors, by telephone at
1-888-518-1557 (toll-free in North America), 1-800-155-612 (toll-free in Australia), or 416-867-
2272 (for collect calls elsewhere) or by email at [email protected].
About SSR Mining
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. SSR Mining also has two feasibility stage projects and
a portfolio of exploration properties in North and South America. SSR Mining is committed to
delivering safe production through relentless emphasis on Operational Excellence. SSR Mining
is also focused on growing production and Mineral Reserves through the exploration and
acquisition of assets for accretive growth, while maintaining financial strength.
About Alacer
Alacer is a leading low-cost intermediate gold pr oducer whose primary focus is to leverage its
cornerstone Çöpler Gold Mine and strong balance sheet as foundations to continue its organic
multi-mine growth strategy, maximize free cash flow, and therefore create maximum value for
shareholders. The Çöpler Gold Mine is located in east-central Turkey in the Erzincan Province,
approximately 1,100 kilometers (“km”) southeast from Istanbul and 550km east from Ankara,
Turkey’s capital city.
SSR Mining Contacts
Paul Benson, President, CEO & Director
W. John DeCooman, Jr., Senior Vice President, Business Development and Strategy
Michael McDonald, Director, Investor Relations
SSR Mining Inc.
Vancouver, BC
E-Mail: [email protected]
Alacer Contacts
Rodney P. Antal, President, CEO & Director
F. Edward Farid, Senior Vice President, Business Development & Investor Relations
Lisa Maestas, Director, Investor Relations
Alacer Gold Corp.
Denver, CO
E-Mail: [email protected]
Cautionary Note Regarding Forward-Looking Information and Statements:
Except for statements of historical fact relating to Alacer or SSR Mining, certain statements
contained in this press release constitute forward-looking information, future oriented financial
information, or financial outlooks (collectively “forward-looking information”) within the meaning of
Canadian securities laws. Forward-looking information may be contained in this document and
other public filings of Alacer or SSR Mining. Forward-looking information relates to statements
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concerning Alacer’s or SSR Mining’s outlook, anticipated events or results, statements as to
Alacer and SSR Mining management expectations with respect to the Transaction and the
combined company 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.
This press release also contains forward-looking statements regarding the anticipated completion
of the Transaction and timing thereof. Forward-looking statements in this press release are based
on certain key expectations and assumptions made by Alacer and SSR Mining, including
expectations and assumptions concerning the receipt, in a timely manner, of regulatory and stock
exchange approvals in respect of the Transaction. Although Alacer and SSR Mining believe that
the expectations and assumptions on which such forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking statements because
Alacer and SSR Mining can give no assurance that they will prove to be correct. Forward-looking
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 press
release. The key risks and uncertainties include, but are not limited to governmental and
regulatory requirements and actions by governmental authorities, including changes in
government policy, government ownership requ irements, 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 Alacer and SSR Mining
reports filed with the Canadian securities regulatory authorities. There are also risks that are
inherent in the nature of the Transaction, including failure to obtain any required regulatory and
other approvals (or to do so in a timely manner). The anticipated timeline for completion of the
Transaction may change for a number of reasons, including the inability to secure necessary
regulatory, stock exchange or other approvals in the time assumed, developments with respect
to the COVID-19 pandemic or the need for additional time to satisfy the conditions to the
completion of the Transaction. As a result of the foregoing, readers should not place undue
reliance on the forward-looking statements contained in this press release concerning the timing
of the Transaction.
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 Alacer’s
or SSR Mining’s filings, and include the inherent speculative nature of exploration results; the
ability to explore; communications with local stakeholders; maintaining community and
governmental relations; status of negotiations of joint ventures; weather conditions at Alacer’s or
SSR Mining’s operations; commodity prices; the ultimate determination of and realization of
mineral reserves; existence or realization of mineral resources; the development approach;
availability and receipt of required approvals, titles, licenses and permits; sufficient working capital
to develop and operate the mines and implement development plans; access to adequate
services and supplies; foreign currency exchange rates; interest rates; access to capital markets
and associated cost of funds; availability of a qualified work force; ability to negotiate, finalize, and
execute relevant agreements; lack of social opposition to the mines or facilities; lack of legal
challenges with respect to the property of Alacer or SSR Mining; the timing and amount of future
production; the ability to meet production, cost, and capital expenditure targets; timing and ability
to produce studies and analyses; capital and operating expenditures; economic conditions;
availability of sufficient financing; the ultimate abi lity to mine, process, and sell mineral products
on economically favorable terms; and any and all other timing, exploration, development,
operational, financial, budgetary, economic, legal, social, geopolitical, regulatory and political
factors that may influence future events or conditions. While we consider these factors and
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assumptions to be reasonable based on information currently available to us, they may prove to
be incorrect.
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 Alacer’s
filings on its website at www.alacergold.com, on SEDAR at www.sedar.com and on the ASX at
www.asx.com.au and SSR Mining’s filings on its website at www.ssrmining.com, on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov, and other unforeseen events or circumstances.
Other than as required by law, Alacer and SSR Mining do not intend, and undertake no obligation
to update any forward-looking information to reflect, among other things, new information or future
events.