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| Home : Sandstorm Gold Announces Bought Deal Financing |
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Oct 28
2015 |
Sandstorm Gold Announces Bought Deal Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 27, 2015) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX:SSL)(NYSE MKT:SAND) has entered into an agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Capital Markets, pursuant to which they have agreed to purchase, on a bought deal basis, 8,772,000 units (the "Units") of Sandstorm at a price of US$2.85 per Unit, for aggregate gross proceeds to Sandstorm of US$25 million (the "Offering"). In addition, Sandstorm has agreed to grant to the underwriters an option to purchase up to an additional 1,315,800 Units on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to Sandstorm will be US$28.75 million. Each Unit will consist of one common share of Sandstorm (each, a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share of Sandstorm at a price of US$4.00 at any time prior to the date which is five years following completion of the Offering. |
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| Source:http://www.marketwired.com/mw/release.do?id=2067381&sourceType=3 |
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