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April 24, 2014 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) had a series of warrants (CUSIP 80013R115) (the "Warrants") expire on
April 23, 2014 (the "Expiry Date"). The majority of the Warrants outstanding were exercised prior to the Expiry Date bringing in over
US$30 million in cash to the Company since
January 2014. Sandstorm's current number of issued and outstanding shares is 111,181,067.
Nolan Watson commented, "I was happy to see our share price absorb the more than 10 million new shares entering the market since the beginning of the year. With the warrant exercise proceeds, we currently have over
$110 million in cash and our team is actively pursuing new streams and royalties in order to add value to shareholders."
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 gold produced from a mine, for the life of the mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of eight gold streams and twenty-seven gold royalties, thirteen of which are producing gold. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold stream agreements with Entrée Gold Inc., Luna Gold Corp., Metanor Resources Inc., Mutiny Gold Ltd., Primero Mining Corp., Rambler Metals and Mining plc., Santa Fe Gold Corp., and SilverCrest Mines Inc.