VANCOUVER and TORONTO, May 11, 2020 /CNW/ - SSR Mining Inc. (NASDAQ: SSRM and TSX: SSRM) ("SSR Mining") and Alacer Gold Corp. (TSX: ASR and ASX: AQG) ("Alacer") are pleased to announce that they have entered into a definitive agreement (the "Agreement") to combine in an at-market merger of equals pursuant to a plan of arrangement under the Business Corporations Act ( Yukon ) (the "Transaction"). Following the completion of the Transaction, the new board of directors will be comprised of five directors from each of the current SSR Mining and Alacer boards of directors for a total of 10 directors, including the CEO. Pursuant to the Transaction, Alacer shareholders will receive 0.3246 SSR Mining shares for each Alacer share held (the "Exchange Ratio").
At this time, for opening remarks and introductions, I would like to turn the call over to Michael McDonald, Investor Relations for SSR Mining. Welcome to SSR Mining's first wuarter 2020 conference call, during which we will provide an update on our business and a review of our financial performance. Joining us on the call this morning are Paul Benson, President and CEO; Greg Martin, our CFO; Kevin O'Kane, COO; and Carl Edmunds, Vice President, Exploration.
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