SSR Mining Inc. (TSX:SSRM) entered into a definitive agreement to acquire Taiga Gold Corp. (CNSX:TGC) from Eagle Plains Resources Ltd. (TSXV:EPL) and others for CAD 25.3 million on December 1, 2021. Consideration will be paid in the form of CAD 0.265 per Taiga Gold share. Pursuant to the Transaction, each Taiga Gold stock option and warrant outstanding immediately prior to the effective time of the Transaction shall automatically vest and be immediately cancelled in exchange for a cash payment equal to the excess, if any, of the CAD 0.265 consideration over the applicable aggregate exercise price of such Taiga Gold Options and Warrants. The Agreement also provides for: (i) a termination fee of CAD 1.5 million to be paid by Taiga Gold to SSR Mining if the Agreement is terminated in certain specified circumstances; and (ii) an expense reimbursement fee of CAD 0.425 million to be paid by SSR Mining to Taiga Gold if the Transaction fails to close as a result of specified breaches of the Agreement by SSR Mining.

The transaction is subject to approval from Taiga Gold shareholders, receipt of court, stock exchange and any other required regulatory approvals and is subject to certain customary closing conditions for transactions of this nature. The transaction has been unanimously approved by the Board of Directors of each of SSR Mining and Taiga Gold. The Board of Directors of Taiga Gold unanimously recommends that its shareholders vote in favour of the Transaction. Taiga Gold intends to call a meeting of shareholders to be held on or before March 15, 2022 to seek shareholder approval for the Transaction. Taiga Gold will hold a special meeting of shareholders on February 22, 2022 to approve the transaction. As of February 24, 2022, Taiga Gold shareholders have approved the plan of arrangement. As of April 8, 2022, the Court of Queen's Bench of Alberta granted a final order approving the plan of arrangement. The transaction is expected to close in the first half of 2022. As of January 31, 2022, the transaction is expected to complete in the first quarter of 2022. As of February 24, 2022, it is anticipated that the arrangement will be completed by mid-April 2022. As of April 8, 2022, the transaction is expected to complete by end of April 2022.

Bruce McKnight Minerals Advisor Services acted as financial advisor and fairness opinion provider and Darren B. Fach and S(Rishi) Chakraborty of McLeod Law LLP acted as legal advisor to Taiga. D'Arcy Nordick and Steven D. Bennett of Stikeman Elliott LLP acted as legal advisor to SSR Mining. Laurel Hill Advisory Group, LLC acted as the information agent to Taiga Gold for a fee of CAD 42,000 for its services. TSX Trust Company is the transfer agent to Taiga Gold.

SSR Mining Inc. (TSX:SSRM) completed the acquisition of Taiga Gold Corp. (CNSX:TGC) from Eagle Plains Resources Ltd. (TSXV:EPL) and others on April 14, 2022. The common shares of Taiga will be delisted from the Canadian Securities Exchange, following which, Taiga Gold will cease to be a reporting issuer under applicable Canadian securities laws.