Sandstorm Enters Into Two Forward-Sale Agreements, Plans $60 Million Secondary Offering

Sandstorm Resources Ltd. has announced that it's entered into two gold-streaming forward-sale agreements, one with Luna Gold (detailed below) and another with SilverCrest. Also, Sandstorm is taking on a new director, Andy Swarthout, who will be replacing Marcel de Groot. In addition, there's a secondary offering planned for gross proceeds up to $60 million: 150 million Subscription Receipts at 40 cents per. Each receipt will entitle the holder to one share and half a purchase warrant. The warrants will have a life of five years and exercise price of 60 cents. The news release has details on all these items.

This update was sent out last evening. Sandstorm last traded Monday, and closed unchanged at 50 cents. Current bid is 45 cents, and current ask is 50 cents.

Sandstorm's Google Finance web page is here.

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