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SSR Mining Ltd (ASX:SSR) has announced the friendly acquisition of Taiga Gold Corp.

SSR Mining Ltd (ASX:SSR) and Taiga Gold Corp. are pleased to announce that they have entered into a definitive arrangement agreement whereby SSR Mining will acquire all of the issued and outstanding common shares of Taiga Gold pursuant to a plan of arrangement at a price of C$0.265 per Taiga Gold share. The Transaction implies an equity value of approximately C$27m on a fully diluted in-the-money basis and has been unanimously approved by the Board of Directors of each SSR Mining and Taiga Gold.

Following the announcement, shares of SSR Mining Ltd fell 4.75% to $24.29/share.

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