The net proceeds of the private placement will be used for continued exploration and development of the Company’s Las Chispas Project and for general working capital and administrative purposes.
SSR Mining Inc. is pleased to announce that it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals Inc. dated November 28, 2018 to purchase on a private placement basis 1,819,074 common shares of SilverCrest at the same price per share as the bought deal public offering announced by SilverCrest on December 3, 2019. The additional shares will be acquired at a price of C$7.28 per common share for total consideration of C$13.2 million.
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