Alacer/SSR merger completed

The merger of equals between ASX- and TSX-listed Alacer Gold and fellow-listed SSR Mining has been completed, with Alacer becoming a wholly owned subsidiary of SSR.

The two companies in May this year announced the C$2.4-billion share deal, under which Alacer shareholders received 0.3246 SSR Mining shares for each Alacer share held, implying a consideration of C$8.19 a common share, and valuing Alacer at C$2.41-billion.