Silver Standard files prospectus for another US$200mn in share sales

Friday, February 5, 2010

Vancouver-based miner Silver Standard Resources (TSX: SSO) reported it has filed an amended and restated short form base shelf prospectus with US and Canadian regulators to add US$200mn to potential share offerings.

The amended prospectus, filed with the SEC and each Canadian province except Quebec, will allow Silver Standard to offer shares worth US$200mn beyond the US$150mn already issued under the original prospectus.

The original and amended filings are valid for 25 months from February 18, 2009, or until March 18, 2011.

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Proceeds from any offerings will be used for development, working capital, debt repayment and/or general corporate purposes, unless otherwise stated in a future prospectus supplement, SSO said.

The company has the Pirquitas silver mine in Argentina, development projects in Peru and Mexico, and numerous exploration properties.