Form 51-102F3
Material Change Report
| Item 1 | Name and Address of Company |
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Silver Standard Resources Inc. | |
1400 - 999 West Hastings Street | |
Vancouver, BC V6C 2W2 | |
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| Item 2 | Date of Material Change |
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April 8, 2011 | |
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| Item 3 | News Release |
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The news release dated April 8, 2011 was disseminated through Marketwire’s Combined Canadian Timely Disclosure Network. | |
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| Item 4 | Summary of Material Change |
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Silver Standard Resources Inc. (“Silver Standard” or the “Company”) announces today the closing of a previously announced secondary offering (the “Secondary Offering”) of units (the “Units”) pursuant to an underwriting agreement with a syndicate of underwriters (the “Underwriters”). An over-allotment option granted to the Underwriters in connection with the Secondary Offering was exercised in full, resulting in the sale of an aggregate of 11,500,000 Units at a price of C$10.00 per Unit for aggregate gross proceeds to the Company of C$115,000,000. Each Unit consisted of one common share (a “Pretivm Share”) of Pretium Resources Inc. (“Pretivm”) owned by the Company and one-half of a warrant of Pretivm (a “Warrant”), with each whole Warrant exercisable to purchase one Pretivm Share owned by the Company at an exercise price of C$12.50 for a period of 12 months following the closing of the Secondary Offering. | |
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| Item 5 | Full Description of Material Change |
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5.1 Full Description of Material Change | |
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See attached news release dated April 8, 2011. | |
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5.2 Disclosure for Restructuring Transactions | |
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Not applicable. | |
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| Item 6 | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
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Not applicable. | |
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| Item 7 | Omitted Information |
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Not applicable. | |
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| Item 8 | Executive Officer |
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Guy Davis, Corporate Counsel and Assistant Corporate Secretary | |
604.689.3846 | |
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| Item 9 | Date of Report |
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Dated at Vancouver, BC, this 8thday of April, 2011 |