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Sandstorm Gold Provides Update on Warrants and Share Structure
|By PR Newswire
|April 24, 2014 05:12 PM EDT
VANCOUVER, 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.
Sandstorm's 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
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.
For more information visit: www.sandstormgold.com.
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.
Forward-looking statements are made based upon certain assumptions and
other important factors that, if untrue, could cause the actual
results, performances or achievements of Sandstorm to be materially
different from future results, performances or achievements expressed
or implied by such statements. Such statements and information are
based on numerous assumptions regarding present and future business
strategies and the environment in which Sandstorm will operate in the
future, including the price of gold and anticipated costs. Certain
important factors that could cause actual results, performances or
achievements to differ materially from those in the forward-looking
statements include, amongst others, gold price volatility,
discrepancies between actual and estimated production, mineral reserves
and resources and metallurgical recoveries, mining operational and
development risks relating to the parties which produce the gold
Sandstorm will purchase, regulatory restrictions, activities by
governmental authorities (including changes in taxation), currency
fluctuations, the global economic climate, dilution, share price
volatility and competition.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other important factors that may cause the actual
results, level of activity, performance or achievements of Sandstorm to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: the impact of
general business and economic conditions, the absence of control over
mining operations from which Sandstorm will purchase gold and risks
related to those mining operations, including risks related to
international operations, government and environmental regulation,
actual results of current exploration activities, conclusions of
economic evaluations and changes in project parameters as plans
continue to be refined, risks in the marketability of minerals,
fluctuations in the price of gold, fluctuation in foreign exchange
rates and interest rates, stock market volatility, as well as those
factors discussed in the section entitled "Risks to Sandstorm" in
Sandstorm's annual report for the financial year ended December 31,
2013 available at www.sedar.com. Although Sandstorm has attempted to
identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Sandstorm does not undertake to update any forward looking
statements that are contained or incorporated by reference, except in
accordance with applicable securities laws.
SOURCE Sandstorm Gold Ltd.
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