Silver Standard Files
Amended Base Shelf Prospectus
VANCOUVER, BRITISH COLUMBIA, Feb 5, 2010 (Marketwire via COMTEX
News Network) -- Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) has
filed an amended and restated short form base shelf prospectus with the
securities commissions in each of the provinces of Canada, other than Quebec,
and a corresponding registration statement with the United States Securities
and Exchange Commission under the U.S.-Canada multi-jurisdictional disclosure
system. These filings allow the company to make offerings of common shares to
potential purchasers in each of the provinces of Canada, other than Quebec, and
the United States for additional proceeds of up to US$200 million over the
25-month period beginning February 18, 2009, the filing date of the original
base shelf prospectus. With the increase of US$200 million, the amended and
restated base shelf prospectus now allows for proceeds of up to US$350
million in aggregate, which includes proceeds of US$149,999,993 from
previously issued common shares.
Unless otherwise specified in any prospectus supplement to be
filed in connection with a particular offering, the net proceeds from any
offering under the base shelf prospectus will be used for the development of
mineral properties, working capital requirements, to repay indebtedness
outstanding from time to time or for other general corporate purposes.
A registration statement relating to these securities has been
filed with the United States Securities and Exchange Commission, but has not
yet become effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes effective.
This news release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state. A
copy of the amended and restated short form base shelf prospectus amending
and restating the short form base shelf prospectus dated February 18, 2009
may be obtained from Kristen Riddell, the company's Corporate Secretary, at
1400-999 West Hastings Street, Vancouver, British Columbia, V6C 2W2.
Forward Looking Statements: Statements in this news release
relating to the amended and restated short form base shelf prospectus and the
corresponding registration statement in the United States, the ability of the
company to make offerings thereunder and the anticipated use of proceeds are
forward-looking statements as that term is defined in Canadian Securities
legislation and within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts and that are subject to a variety of risks and uncertainties
which could cause actual events or results to differ materially from those
reflected in the forward-looking statements. Such risks and uncertainties
include, but are not limited to, the company's ability to engage
underwriters, dealers or agents on terms and conditions deemed reasonable by
the company; the need to satisfy regulatory and legal requirements with
respect to any offerings; the company's ability to raise sufficient capital
to fund development; changes in economic conditions or financial markets;
changes in prices for the company's mineral products or increases in input
costs; litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments in Argentina, Australia, Canada,
Chile, Mexico, Peru, the United States and other jurisdictions in which the
company may carry on business; technological and operational difficulties or
inability to obtain permits encountered in connection with exploration and
development activities; labour relations matters; and changing foreign
exchange rates, all of which are described more fully in the company's
filings with the Securities and Exchange Commission. (Source: Silver Standard
Resources Inc.)
To receive Silver Standard's news releases by e-mail, contact
Paul LaFontaine, director, investor relations at invest@silverstandard.com or call
(888) 338-0046.
SOURCE: Silver Standard Resources Inc.
Silver Standard Resources Inc.
Paul LaFontaine
Director, Investor Relations
N.A. toll-free: (888) 338-0046 or Direct: (604) 484-8212
invest@silverstandard.com
www.silverstandard.com