Silver
Standard Files Preliminary Base Shelf Prospectus
VANCOUVER, BRITISH
COLUMBIA, Feb 11, 2009 (Marketwire via COMTEX News Network) -- Silver
Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) has filed a preliminary 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, when made
final, will allow the company to make offerings of common shares with an
aggregate initial offering price of up to US$150 million during the next 25
months to potential purchasers in each of the provinces of Canada, other than
Quebec, and the United States. Unless otherwise specified in any prospectus
supplement to be filed in connection with a particular offering, the net
proceeds from any offerings 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
preliminary short form base shelf prospectus may be obtained from John Kim,
the company's Corporate Secretary, at 1180 - 999 West Hastings Street,
Vancouver, British Columbia, V6C 2W2.
Forward Looking
Statements: Statements in this news release relating to the preliminary 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 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.)
SOURCE: Silver
Standard Resources Inc.
Silver Standard Resources Inc.
Robert A. Quartermain
President
(604) 689-3846
(604) 689-3847 (FAX)
Silver Standard Resources Inc.
Paul LaFontaine
Director, Investor Relations
N.A. Toll Free: 1-888-338-0046 or Direct: (604) 484-8212
Email: plafontaine@silverstandard.com
Website: www.silverstandard.com