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
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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CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Sandstorm Gold Ltd. ("Sandstorm"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, realization of mineral reserve estimates, and the timing and amount of estimated future production. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", or similar terminology.