SAND - Sandstorm Gold Announces Closing of Premier
Post# of 579
Posted On: 10/04/2013 6:51:01 PM
SAND - Sandstorm Gold Announces Closing of Premier Royalty Acquisition
http://finance.yahoo.com/news/sandstorm-gold-...00462.html
VANCOUVER, Oct. 4, 2013 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND, TSX:SSL) is pleased to announce the closing of the previously announced acquisition (the "Acquisition") of all the outstanding common shares of Premier Royalty Inc. ("Premier Royalty"). The resolution approving the Acquisition was approved by 99.95% of the votes cast by Premier Royalty shareholders at a special meeting held on September 30, 2013. A Final Order approving the Acquisition was granted by the Ontario Superior Court of Justice on October 3, 2013.
With the acquisition of Premier Royalty, Sandstorm has a cash balance of over $90 million and a portfolio of 9 gold streams and 25 gold royalties, 13 of which are producing gold.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm is a non-operating gold mining company with a portfolio of nine gold streams and twenty-five gold royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
http://finance.yahoo.com/news/sandstorm-gold-...00462.html
VANCOUVER, Oct. 4, 2013 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND, TSX:SSL) is pleased to announce the closing of the previously announced acquisition (the "Acquisition") of all the outstanding common shares of Premier Royalty Inc. ("Premier Royalty"). The resolution approving the Acquisition was approved by 99.95% of the votes cast by Premier Royalty shareholders at a special meeting held on September 30, 2013. A Final Order approving the Acquisition was granted by the Ontario Superior Court of Justice on October 3, 2013.
With the acquisition of Premier Royalty, Sandstorm has a cash balance of over $90 million and a portfolio of 9 gold streams and 25 gold royalties, 13 of which are producing gold.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm is a non-operating gold mining company with a portfolio of nine gold streams and twenty-five gold royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
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