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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (106636)	2/27/2008 2:06:37 PM
From: dara	Read Replies (1) \| Respond to of 313046

Silver Standard Closes Sale of US$138 Million of Convertible Notes VANCOUVER, BRITISH COLUMBIA, Feb 27, 2008 (MARKET WIRE via COMTEX News Network) -- Silver Standard Resources Inc. ("Silver Standard") (TSX: SSO)(NASDAQ: SSRI) announced today the closing of its previously announced offering of senior unsecured convertible notes due March 1, 2028 (the "Convertible Notes"). (See Silver Standard's news release dated February 22, 2008 for details.) The over-allotment option granted to the initial purchasers was exercised in full and net proceeds realized from the offering were approximately US$134 million, after underwriting commissions and issue expenses. As previously announced, Silver Standard expects to use a part of the net proceeds of the offering to finance a portion of the development costs of its Pirquitas Project and to use the balance of the net proceeds for the exploration of its other properties, for working capital and for general corporate purposes.