Silver Standard Files Preliminary Base Shelf Prospectus
Silver Standard Resources Inc. has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Canada, other than Quebec, and a corresponding registration statement with the United States Securities and Exchange Commission under the U.S.-Canada multi-jurisdictional disclosure system. These filings, when made final, will allow the company to make offerings of common shares with an aggregate initial offering price of up to US$150 million during the next 25 months to potential purchasers in each of the provinces of Canada, other than Quebec, and the United States. Unless otherwise specified in any prospectus supplement to be filed in connection with a particular offering, the net proceeds from any offerings under the base shelf prospectus will be used for the development of mineral properties, working capital requirements, to repay indebtedness outstanding from time to time or for other general corporate purposes.
A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
A copy of the preliminary short form base shelf prospectus may be obtained from John Kim, the company’s Corporate Secretary, at 1180 – 999 West Hastings Street, Vancouver, British Columbia, V6C 2W2.
