Ssr Mining Announces Expiration and Final Results of Repurchase at Option of Holders of 2.875% Convertible Senior Notes Due 2033
News Release 20-04
SSR Mining Inc. PHONE +1 604.689.3846 Suite 800 - 1055 Dunsmuir Street
www.ssrmining.com TOLL FREE +1 888.338.0046 PO Box 49088
Vancouver, BC, Canada V7X 1G4
January 31, 2020
SSR MINING ANNOUNCES EXPIRATION AND FINAL RESULTS
OF REPURCHASE AT OPTION OF HOLDERS OF
2.875% CONVERTIBLE SENIOR NOTES DUE 2033
VANCOUVER, B.C. – SSR Mining Inc. (N ASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) today
announces the results of the repurchase at the option of holders of our 2.875% Senior Convertible
Notes due 2033 (CUSI P No. 82823L AC0) (the “Notes”) issued pursuant to the Indenture
governing the Notes, dated as of January 16, 2013 between SSR Mining and The Bank of New
York Mellon, as trustee (the “Indenture”), pursuant to which each holder (each a “Holder”) had the
right (the “Put Option”) to require SSR Mining to repurchase all of such Holder’s Notes, or any
portion thereof that is a multiple of $1,000 principal amount, on February 1, 2020. The Put Option
expired at 5:00 p.m., New York City time, on January 31, 2020 and was not extended.
We have been advised by The Bank of New York Mellon, the paying agent for the Notes, that as
of the expiration of the Put Option, $49,000 aggregate principal amount of the Notes, representing
approximately 0.043% of the outstanding Notes were validly surrendered for purchase (and not
validly withdrawn). We have accepted for purchase all of the Notes that were validly surrendered
for purchase (and not validly withdrawn).
After the commencement of the Put Option and prior to the expiration thereof, $4,000 aggregate
principal amount of the Notes were converted into our common shares in accordance with the
terms of the Notes and the Indenture.
Accordingly, following the settlement of the Put Option, $114,947,000 aggregate principal amount
of the Notes remain outstanding. The remaining outstanding Notes are callable by SSR Mining at
par, plus accrued and unpaid interest thereon, if any, at any time at our election giving due notice,
in accordance with the terms and conditions of the Indenture.
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. We also have two feasibility stage projects and a
portfolio of exploration properties in North and South America. We are committed to delivering
safe production through relentless emphasis on Operational Excellence. We are also focused on
growing production and Mineral Reserves through the exploration and acquisition of assets for
accretive growth, while maintaining financial strength.
SOURCE: SSR Mining Inc.
SSR Mining Inc.
PAGE 2
For further information contact:
W. John DeCooman, Jr.
Senior Vice President, Business Development and Strategy
SSR Mining Inc.
Vancouver, BC
Toll free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: [email protected]
To receive SSR Mining's news releases by e-mail, please register using the SSR Mining website
at www.ssrmining.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the meaning of Canadian securities laws and
forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995
(collectively, “forward-looking statements”) concerning the anticipated developments i n our operations in
future periods, and other events or conditions that may occur or exist in the future. All statements, other
than statements of historical fact, are forward -looking statements. Generally, forward -looking statements
can be identified by t he use of words or phrases such as “expects,” “anticipates,” “plans,” “projects,”
“estimates,” “assumes,” “intends,” “strategy,” “goals,” “objectives,” “potential,” “believes,” or variations
thereof, or stating that certain actions, events or results “may, ” “could,” “would,” “might” or “will” be taken,
occur or be achieved, or the negative of any of these terms or similar expressions. The forward -looking
statements in this news release relate to, among other things, statements regarding the Put Option and the
redemption of any remaining outstanding Notes by us. These forward-looking statements are subject to a
variety of known and unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those expressed or implied, including, without limitation, the following: general market
conditions, including market factors affecting the price of bonds and equity securities ; the amount of cash
generated from the business; prevailing interest rates; and those various risks and uncertainties identified
under the heading “Risk Factors” in our most recent Annual Information Form filed with the Canadian
securities regulatory authorities and included in our most recent Annual Report on Form 40-F filed with the
U.S. Securities and Exc hange Commission . Our forward -looking statements are based on what our
management considers to be reasonable assumptions, beliefs, expectations and opinions based on the
information currently available to it. We cannot assure you that actual events, perfor mance or results will
be consistent with these forward -looking statements, and management’s assumptions may prove to be
incorrect. Our forward -looking statements reflect current expectations regarding future events and speak
only as of the date hereof and we do not assume any obligation to update forward -looking statements if
circumstances or management’s beliefs, expectations or opinions should change other than as required by
applicable law. For the reasons set out above, you should not place undue relian ce on forward -looking
statements.