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Message: Silver Standard Announces Exercise of Over-Allotment Option

Silver Standard Announces Exercise of Over-Allotment Option

posted on Feb 16, 2010 11:31AM

as expected, the company has no trouble selling shares at this price:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) ("the Company") reports that the underwriters of its recently announced public offering (the "Offering") have exercised in part their over-allotment option and will purchase an additional 846,402 common shares at US$17.00 per share. The option was granted pursuant to the Offering of approximately 5.9 million common shares, at an offering price of US$17.00 per share, which is expected to close on February 18, 2010. The gross proceeds from the exercise of the over-allotment option will total approximately US$14.4 million, increasing the size of the Offering to approximately US$114.4 million.

http://finance.yahoo.com/news/Silver-Standard-Announces-iw-3163403100.html?x=0&.v=1

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