SSR Mining Secures C$0.5 Million Gain From Exercise of SilverCrest Equity Participation Right
VANCOUVER, April 21, 2020 /PRNewswire/ – SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (“SSR Mining”) is pleased to announce that it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) (“SilverCrest”) dated November 28, 2018 to purchase on a private placement basis 3,597,291 common shares of SilverCrest at the same price per share as the non-brokered private placement announced by SilverCrest on April 13, 2020 (the “Private Placement”). The additional shares will be acquired at a price of C$7.50 per common share for total consideration of approximately C$27.0 million.