BUZZ-Silver Standard Resources Inc: Gets $41.4 mln tax reassessment notice

Wed Jan 28, 2015 4:02pm EST
 
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** Canadian silver producer's shares closes down 8.7 pct at C$7.81

** U.S.-listed shares closes down 9.2 pct at $6.25

** Company receives a tax reassessment notice of about $41.4 mln from the Canada Revenue Agency (CRA) related to a 2010 deal

** CRA says the deal, sale of a unit, was of an income nature and not capital nature as was recorded

** Company says it will "vigorously defend" its position

** However, to object to the reassessment, company need to deposit 50 pct of reassessed amount plus interest accrued

** Up to Tuesday's close, the company's U.S.-listed shares have fallen about 9.6 percent in the past 12 months