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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.In light of the Meetings, Alacer will delay the filing of annual general meeting documents, including the statement of executive compensation as otherwise required pursuant to blanket relief granted by the Ontario Securities Commission as a result of COVID-19. In August 2011 it sold Australian silver project Bowdens (97.1 million ounces in measured/inferred silver resources) to gold miner Kingsgate Consolidated for $75 million, $65 million of which will be paid when the deal closes (a portion of which is Kingsgate company shares). 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. Though there are 14 in total located in seven countries (including further exploration at Pirquitas) 71% of all silver resources and 91% of gold are in Argentina and Mexico.Argentina is home to the Diabillos, Pirquitas, and Pitarilla projects. Forward-looking information and statements are only predictions based on our current expectations and our projections about future events. While we consider these factors and 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. 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. 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. SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) ("SSR Mining") and Alacer Gold Corp. (TSX: ASR) (ASX: AQG) ("Alacer") are pleased to announce today that they have filed a joint management information circular and related meeting materials (the "Meeting Materials") in connection with their respective special meetings of shareholders (the "Meetings") to be held on July 10, 2020. In addition it engages in exploration activity throughout the America's (6 countries) and Australia. Silver Standard also has a total gold resource of over 3.5 m… The Sunrise Lake gold and silver properties are in Canada. The Company's current operating status is Registered. SSR Shareholders and Alacer Shareholders regardless of geographic location will have an equal opportunity to participate in the applicable Meeting online. The Transaction is expected to provide SSR Mining Shareholders and Alacer Shareholders with the following benefits, amongst others:Additional details with respect to the potential benefits and risks of the Transaction are described in the Meeting Materials, which SSR Shareholders and Alacer Shareholders are urged to read carefully.To address public health measures arising from the unprecedented public health impact of COVID-19 and to limit and mitigate risks to the health and safety of communities, shareholders, employees, directors and other stakeholders, the Meetings will be held in a virtual-only format conducted by live audio webcast. The Alacer Meeting will be held online at 12:00 p.m. noon (Denver time) on July 10, 2020 in a virtual-only format conducted by live audio webcast. The mailing of the Meeting Materials has commenced and the SSR Shareholders and the Alacer Shareholders should receive them soon. 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 SSR Mining and Alacer Gold Announce Filing of Joint Management Information Circular and Receipt of Interim Order in Connection with Proposed Merger
SSR Mining, formerly Silver Standard Resources is a Vancouver based gold, silver, zinc and tin producer that owns the largest silver mine in Argentina. Tin production was on track to be near 100,000 pounds (about six times less than previously estimated)The Chinchillas mine supplies ore to the Pirquitas processing facility. SSR Shareholders and Alacer Shareholders will not be able to attend the Meetings in person.The SSR Meeting will be held online at 9:00 a.m. (Vancouver time) on July 10, 2020 in a virtual-only format conducted by live audio webcast.
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 purpose of the Meetings is to seek approval for a number of matters in connection with their previously announced at-market merger of equals pursuant to a plan of arrangement under the In addition, SSR Mining and Alacer are pleased to announce the receipt of an interim order from the Supreme Court of Yukon obtained on June 2, 2020 in connection with the Transaction.Pursuant to the Transaction, shareholders of Alacer (the "Alacer Shareholders") will receive 0.3246 SSR Mining shares for each Alacer share held.