(SSR Mining, 14.Apr.2022) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX: SSR) completed the previously announced plan of arrangement to acquire all of the issued and outstanding shares of Taiga Gold Corp. (CSE: TGC).
With this transaction, SSR Mining has consolidated a 100% interest in the Fisher property contiguous to its Seabee mine, eliminated a 2.5% net smelter return (NSR) royalty on the Fisher property, and added five new properties covering over 29,100 hectares to complement the company’s existing exploration platform in the underexplored and geologically prospective Province of Saskatchewan. SSR Mining’s Saskatchewan assets now cover an area of approximately 131,150 hectares.
Under the terms of the Arrangement, SSR Mining acquired all of the issued and outstanding common shares of Taiga Gold by way of a court-approved plan of arrangement under Section 193 of the Business Corporations Act (Alberta). Each Taiga Gold shareholder will receive cash consideration of C$0.265 without interest for each common share held, representing aggregate consideration of approximately C$30mn.
The common shares will be delisted from the Canadian Securities Exchange, following which, Taiga Gold will cease to be a reporting issuer under applicable Canadian securities laws.
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