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Message: Silver Standard Announces Closing of Public Offering of Common Shares

Silver Standard Announces Closing of Public Offering of Common Shares

posted on Feb 18, 2010 01:41PM

the deal is done:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) (the "Company") reports the closing of its previously announced public offering of common shares and exercise in part of the overallotment option (the "Offering"). Pursuant to the Offering, the Company today issued 6,728,755 common shares at a price of US$17.00 per share, for aggregate net proceeds of approximately US$108.7 million after underwriting commissions.

The Company intends to use the net proceeds from the Offering to fund the exploration on and development of mineral properties, for working capital requirements, to repay indebtedness outstanding from time to time or for other general corporate purposes.

http://finance.yahoo.com/news/Silver-Standard-Announces-iw-1249012583.html?x=0&.v=1

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