May 29, 2014
/PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT:SAND, TSX:SSL) is pleased to announce the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which the Company has acquired 100% of the outstanding common shares of Sandstorm Metals & Energy Ltd. ("Sandstorm Metals"). Shareholders of Sandstorm Metals voted in favour of the resolution approving the Arrangement at a Sandstorm Metals annual and special meeting held on
May 27, 2014
. A final order approving the Acquisition was granted by the Supreme Court of
May 28, 2014
With the acquisition of Sandstorm Metals, the Company has a portfolio of 9 streams and 28 royalties, of which 13 of the underlying mines 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 gold produced from a mine, for the life of the mine, at a fixed price per ounce. Sandstorm has acquired a portfolio of nine streams and twenty-eight royalties, fourteen of which are producing gold. 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.