{"id":1192524,"date":"2020-06-26T12:27:15","date_gmt":"2020-06-26T17:27:15","guid":{"rendered":"https:\/\/www.mining.com\/?p=1028127"},"modified":"2020-06-26T12:27:15","modified_gmt":"2020-06-26T17:27:15","slug":"ssr-alacer-merger-gets-proxy-firm-backings","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1192524","title":{"rendered":"SSR-Alacer merger gets proxy firm backings"},"content":{"rendered":"

Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis & Co. have both recommended<\/a> shareholders of SSR Mining (NASDAQ, TSX: SSRM) and Alacer Gold (TSX: ASR, ASX: AQG) to vote for their previously announced at-market merger.<\/p>\n

Last month, Vancouver-based precious metals miner SSR Mining agreed a deal to ac<\/a><\/font><\/u>quire<\/a> its Canadian counterpart in all-stock, zero-premium deal valued at C$2.41 billion.<\/p>\n

The proposed business combination would see Alacer’s flagship \u00c7\u00f6pler mine in Turkey added to SSR\u2019s existing portfolio that includes the Marigold gold mine in Nevada, the Seabee gold operations in Saskatchewan and the Puna operations in Jujuy, Argentina.<\/p>\n

As part of its SSR Mining analysis, ISS states that the transaction “appears to make strategic sense” as it will result in the creation of a diversified gold producer with an experienced management team.<\/p>\n

Furthermore, in its Alacer analysis, ISS believes the combined company will emerge with a strengthened balance sheet and through ownership of SSR common shares, Alacer shareholders will continue to participate in the opportunities associated with the combined company\u2019s assets and properties.<\/p>\n

Glass Lewis gave a similarly positive recommendation as it found \u201cthe proposed arrangement both strategically and financially compelling and structured in a reasonable manner for SSR shareholders.\u201d<\/p>\n

Shareholder voting will take place on July 10 through live audio webcast. Upon closing, SSR and Alacer shareholders would collectively own about 57% and 43% of the new entity respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shareholder voting on the billion-dollar merger will take place on July 10.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369,4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192524"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1192524"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192524\/revisions"}],"predecessor-version":[{"id":1192540,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1192524\/revisions\/1192540"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1192524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1192524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1192524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}