Ssr Mining Prices Offering of Convertible Senior Notes
News Release 19-05
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
March 13, 2019
SSR MINING PRICES OFFERING OF CONVERTIBLE SENIOR NOTES
VANCOUVER, B.C. – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”)
announces today that it has priced its previously announced offering (the “Offering”) of unsecured
convertible senior notes due 2039 (the “Notes”). SSR Mining will issue US$200 million aggregate
principal amount of Notes (or US$230 million aggregate principal amou nt if the over -allotment
option is exercised in full) pursuant to private placement exemptions.
SSR Mining intends to use the net proceeds of the Offering to repurchase, in separate privately
negotiated transactions, approximately US$150 million of its ou tstanding 2.875% convertible
senior notes and for general corporate purposes.
The Notes will bear cash interest semi -annually at a rate of 2.50% per annum. The initial
conversion rate for the Notes will be 54.1082 common shares (the “Shares”) per US$1,000
principal amount of Notes, equivalent to an initial conversion price of approximately US$18.48 per
Share.
SSR Mining will have the right to redeem the Notes at its option in certain circumstances. Holders
will have the right to require SSR Mining to repurchase their Notes upon the occurrence of certain
events.
The Offering is expected to close on or about Marc h 19 , 2019, subject to customary closing
conditions.
The Notes, and the Shares into which the Notes are convertible, have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or qualified
by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United
States absent registration under the Securities Act or an applicable exempt ion from registration
under the Securities Act and may not be offered or sold in Canada except pursuant to exemptions
from the prospectus requirements of applicable Canadian provincial and territorial securities laws.
This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the
Shares into which the Notes are convertible, and shall not constitute an offer to sell or solicitation
of an offer to buy, or a sale of, the Notes or the Shares into which the Notes are convertible in any
jurisdiction in which such offer, solicitation or sale is unlawful.
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 the 75% -owned and operated Puna Operations joint venture in Jujuy, A rgentina. We also
SSR Mining Inc.
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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.
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"). All statements, other than statements of historical fact, are
forward-looking statements. Generally, forward-looking statements can be identified by the 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, the proposed terms of the Offering and the proposed use of proceeds of the Offering. 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, 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 wit h the U.S. Securities and Exchange 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, performance 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 on ly 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 reliance on forward-looking statements.