Silver Standard Provides Option Purchase Notice and Notice of Convertibility
of Its 4.5% Convertible Senior Notes Due 2028
VANCOUVER, Feb. 4, 2013
VANCOUVER, Feb. 4, 2013 /PRNewswire/ - Silver Standard Resources Inc. ("Silver
Standard" or the "Company") (NASDAQ: SSRI, TSX: SSO) announces that in
accordance with the terms of the indenture governing the Company's 4.5%
Convertible Senior Notes due 2028 ("Notes"), the Company has issued an option
purchase notice to the holders of the Notes advising of their rights to
require the Company to purchase the Notes at 100% of the principal amount on
March 1, 2013. The Company has also notified the holders of the Notes of
their rights to alternatively surrender the Notes for conversion until the
close of business on February 28, 2013. The Notes may be converted under the
provisions of the indenture regarding conversion during specified periods at
the applicable conversion price, which is currently $43.33 per share.
To convert a Note, a holder must (1) complete and sign a conversion notice,
with appropriate signature guarantee, on the back of the Note, (2) surrender
the Note to The Bank of New York Mellon, as conversion agent, (3) furnish
appropriate endorsements and transfer documents if required by The Bank of New
York Mellon, (4) pay the amount of interest, if any, the Holder must pay in
accordance with the indenture governing the Notes, and (5) pay any tax or duty
if required pursuant to the indenture governing the Notes. A holder of Notes
may convert a portion of a Note if the portion is $1,000 principal amount or
an integral multiple of $1,000 principal amount.
The address of The Bank of New York Mellon is:
Corporate Trust Department
111 Sanders Creek Parkway
East Syracuse, NY 13057
Attn: Adam DeCapio
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the Silver Standard website at www.silverstandard.com.
SOURCE Silver Standard Resources Inc.
Silver Standard Resources Inc.
N.A. Toll Free: (888) 338-0046
All others: (604) 484-8216
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