Roxmore Announces $712-Million Sale to SSR Mining

Transaction includes shares in new company

Davies is acting for Roxmore Resources Inc. on its C$712-million sale to SSR Mining Inc. by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia). SSR will take ownership of Roxmore’s flagship Converse Gold Project in Nevada, for which Roxmore shareholders will receive approximately C$663 million in cash, plus shares of a newly formed exploration company, RoxOn Resources, valued at approximately C$49 million.

RoxOn Resources will hold Roxmore’s remaining exploration projects in Wyoming, British Columbia and Ontario, and will be led by Roxmore’s current leadership team. Existing Roxmore shareholders will own 85.01 percent of the new company, and SSR will hold a 14.99 percent stake.

The Davies team acting on this transaction includes: Melanie Shishler, Andrew Mihalik, Yevgeniya Huggins, Chase Drieberg and Evan Stein (Public M&A); Andrew Ellis and Nadia Yehia (Canadian Tax); Jennifer Lee and Michael Cardinal (U.S. Tax); Seann McAleese (Employment); Robyn Barabash (Environmental); Teraleigh Stevenson (Competition); and Rudy Keyes (Student).