Latest Sandspring Resources (SSPXF) Headlines
Sandspring Receives First Draw Down Under Its Streaming Agreement with Silver Wheaton
Marketwire - Mon Dec 23, 4:58PM CST
Sandspring Resources Ltd. ("Sandspring" or the "Company") (TSX VENTURE: SSP) is pleased to announce that it has received the initial draw down of US$13.5 Million (the "Initial Draw Down") from Silver Wheaton (Caymans) Ltd., a wholly owned subsidiary of Silver Wheaton Corp. pursuant to the terms of the precious metals purchase agreement that was announced in November. Under the agreement, Silver Wheaton agrees to pay Sandspring total cash consideration of US$148.5 million plus an ongoing production payment of the lesser of US$400 (subject to a 1% annual inflation adjustment starting in the fourth year after the completion test is satisfied) and the prevailing market price for 10% of the life of mine payable gold production from the Company's Toroparu Project in Guyana S.A. The Initial Drawdown was payable upon meeting certain conditions which have now been satisfied. The proceeds from the Initial Drawdown will be used primarily for advancement of the final feasibility documentation for the Toroparu Project.
Carlisle Announces Election of Abraham Drost and Nick Tintor to the Board of Directors
GlobeNewswire - Mon Dec 23, 10:39AM CST
Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX:CGJ) announces the election of Abraham Drost and Nick Tintor to the Board of Directors, subject to TSX approval, at the Company's Annual General Meeting held on December 19, 2013.
Silver Wheaton Completes Early Deposit Gold Stream Agreement With Sandspring Resources
PR Newswire Europe - Tue Nov 12, 12:29AM CST
VANCOUVER, British Columbia, November 12, 2013 /PRNewswire/ --
Sandspring Completes US$148.5M Precious Metals Streaming Agreement With Silver Wheaton
Marketwire - Mon Nov 11, 10:48PM CST
Sandspring Resources Ltd. ("Sandspring" or the "Company") (TSX VENTURE: SSP) is pleased to announce that it has entered into a precious metals purchase agreement with Silver Wheaton Corp. ("Silver Wheaton") under which Silver Wheaton, through its wholly owned subsidiary, Silver Wheaton (Caymans) Ltd., will pay Sandspring upfront cash payments totaling US$148.5 million for 10% of the payable gold production from the Company's Toroparu Mine in Guyana S.A. (the "Toroparu Project"). In addition, Silver Wheaton will make ongoing payments to Sandspring of the lesser of the market price and US$400 per payable ounce of gold delivered to Silver Wheaton over the life of the Toroparu Project, subject to a 1% annual increase starting after the third year of production.
Sandspring Resources Adopts Advance Notice By-Law
Marketwire - Wed May 08, 4:08PM CDT
Sandspring Resources Ltd. (TSX VENTURE: SSP) ("Sandspring" or the "Company") announces the adoption by its board of directors (the "Board") of amendments to its by-laws to add a provision that requires advance notice to the Company in circumstances where director nominations are made by shareholders of the Company, other than in connection with (i) the requisition of a shareholders' meeting, or (ii) a shareholder proposal, in each case made pursuant to the Business Corporations Act (Ontario) (the "Advance Notice Provision").
Sandspring Resources Positive Pre-Feasibility Study for Toroparu Demonstrates 2.6 Year Payback on Initial 1.32 g/t Gold Grade
Marketwire - Tue Apr 09, 5:56PM CDT
Sandspring Resources Ltd. (TSX VENTURE: SSP) ("Sandspring", or the "Company") is pleased to announce the completion of a robust and positive pre-feasibility study ("PFS") and initial mineral reserve estimate for its wholly-owned Toroparu Gold Project (the "Project") in the Republic of Guyana.
Sandspring Reports Update of Continued Surface Exploration Program Results; Confirms the Potential to Find Additional Gold and Copper Resources in the Proximity of the Toroparu Deposit
Marketwire - Mon Mar 04, 5:31AM CST
Sandspring Resources Ltd. (TSX VENTURE: SSP) ("SSP" or the "Company") is pleased to announce further results from its 2012 geochemistry exploration program for the Upper Puruni Property (see figure 1).
Correction From Source: Sandspring Grants Annual Stock Options to Officers and Directors
Marketwire - Tue Feb 19, 12:06PM CST
Sandspring Resources Ltd. (TSX VENTURE: SSP) (the "Company") announced on February 18, 2013, that the Company has granted to officers and directors 1,280,000 stock options to purchase common shares of the Company. The correct number of annual stock options granted to officers and directors was 1,405,000. The stock options are exercisable at $0.41 per share and will expire on 7 February, 2018. This stock option grant is subject to regulatory approval.
Sandspring Grants Annual Stock Options to Officers and Directors
Marketwire - Mon Feb 18, 5:29PM CST
Sandspring Resources Ltd. (TSX VENTURE: SSP) (the "Company") announced that the Company has granted to officers and directors 1,280,000 stock options to purchase common shares of the Company. The stock options are exercisable at $0.41 per share and will expire on February 7, 2018. This stock option grant is subject to regulatory approval.
Sandspring Receives First Draw Down Under Its Streaming Agreement with Silver Wheaton
Marketwire - Mon Dec 23, 4:58PM CST
Sandspring Resources Ltd. ("Sandspring" or the "Company") (TSX VENTURE: SSP) is pleased to announce that it has received the initial draw down of US$13.5 Million (the "Initial Draw Down") from Silver Wheaton (Caymans) Ltd., a wholly owned subsidiary of Silver Wheaton Corp. pursuant to the terms of the precious metals purchase agreement that was announced in November. Under the agreement, Silver Wheaton agrees to pay Sandspring total cash consideration of US$148.5 million plus an ongoing production payment of the lesser of US$400 (subject to a 1% annual inflation adjustment starting in the fourth year after the completion test is satisfied) and the prevailing market price for 10% of the life of mine payable gold production from the Company's Toroparu Project in Guyana S.A. The Initial Drawdown was payable upon meeting certain conditions which have now been satisfied. The proceeds from the Initial Drawdown will be used primarily for advancement of the final feasibility documentation for the Toroparu Project.
Carlisle Announces Election of Abraham Drost and Nick Tintor to the Board of Directors
GlobeNewswire - Mon Dec 23, 10:39AM CST
Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX:CGJ) announces the election of Abraham Drost and Nick Tintor to the Board of Directors, subject to TSX approval, at the Company's Annual General Meeting held on December 19, 2013.
Silver Wheaton Completes Early Deposit Gold Stream Agreement With Sandspring Resources
PR Newswire Europe - Tue Nov 12, 12:29AM CST
VANCOUVER, British Columbia, November 12, 2013 /PRNewswire/ --
Sandspring Completes US$148.5M Precious Metals Streaming Agreement With Silver Wheaton
Marketwire - Mon Nov 11, 10:48PM CST
Sandspring Resources Ltd. ("Sandspring" or the "Company") (TSX VENTURE: SSP) is pleased to announce that it has entered into a precious metals purchase agreement with Silver Wheaton Corp. ("Silver Wheaton") under which Silver Wheaton, through its wholly owned subsidiary, Silver Wheaton (Caymans) Ltd., will pay Sandspring upfront cash payments totaling US$148.5 million for 10% of the payable gold production from the Company's Toroparu Mine in Guyana S.A. (the "Toroparu Project"). In addition, Silver Wheaton will make ongoing payments to Sandspring of the lesser of the market price and US$400 per payable ounce of gold delivered to Silver Wheaton over the life of the Toroparu Project, subject to a 1% annual increase starting after the third year of production.
Sandspring Resources Adopts Advance Notice By-Law
Marketwire - Wed May 08, 4:08PM CDT
Sandspring Resources Ltd. (TSX VENTURE: SSP) ("Sandspring" or the "Company") announces the adoption by its board of directors (the "Board") of amendments to its by-laws to add a provision that requires advance notice to the Company in circumstances where director nominations are made by shareholders of the Company, other than in connection with (i) the requisition of a shareholders' meeting, or (ii) a shareholder proposal, in each case made pursuant to the Business Corporations Act (Ontario) (the "Advance Notice Provision").
Sandspring Resources Positive Pre-Feasibility Study for Toroparu Demonstrates 2.6 Year Payback on Initial 1.32 g/t Gold Grade
Marketwire - Tue Apr 09, 5:56PM CDT
Sandspring Resources Ltd. (TSX VENTURE: SSP) ("Sandspring", or the "Company") is pleased to announce the completion of a robust and positive pre-feasibility study ("PFS") and initial mineral reserve estimate for its wholly-owned Toroparu Gold Project (the "Project") in the Republic of Guyana.
Sandspring Reports Update of Continued Surface Exploration Program Results; Confirms the Potential to Find Additional Gold and Copper Resources in the Proximity of the Toroparu Deposit
Marketwire - Mon Mar 04, 5:31AM CST
Sandspring Resources Ltd. (TSX VENTURE: SSP) ("SSP" or the "Company") is pleased to announce further results from its 2012 geochemistry exploration program for the Upper Puruni Property (see figure 1).
Correction From Source: Sandspring Grants Annual Stock Options to Officers and Directors
Marketwire - Tue Feb 19, 12:06PM CST
Sandspring Resources Ltd. (TSX VENTURE: SSP) (the "Company") announced on February 18, 2013, that the Company has granted to officers and directors 1,280,000 stock options to purchase common shares of the Company. The correct number of annual stock options granted to officers and directors was 1,405,000. The stock options are exercisable at $0.41 per share and will expire on 7 February, 2018. This stock option grant is subject to regulatory approval.
Sandspring Grants Annual Stock Options to Officers and Directors
Marketwire - Mon Feb 18, 5:29PM CST
Sandspring Resources Ltd. (TSX VENTURE: SSP) (the "Company") announced that the Company has granted to officers and directors 1,280,000 stock options to purchase common shares of the Company. The stock options are exercisable at $0.41 per share and will expire on February 7, 2018. This stock option grant is subject to regulatory approval.
