SSL.WT Sandstorm Gold Ltd Wts

Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL)(TSX
VENTURE:SSL.WT)(TSX VENTURE:SSL.WT.A) announces that, further to its press
release of May 4, 2012, the Company will give effect to the consolidation of its
common shares ("Common Shares") on the basis of five (5) pre-consolidation
Common Shares for each one (1) post-consolidation Common Share (the
"Consolidation") at 12:01 a.m. tomorrow, being Wednesday, May 9, 2012. Sandstorm
shareholders authorized the Consolidation at the shareholder's meeting held on
May 4, 2012 and the Company's post-consolidation Common Shares will be posted
for trading on the TSX Venture Exchange ("TSXV") at the opening tomorrow, May 9,
2012 under the current symbol "SSL" and new CUSIP number 80013R206.


The 349,658,858 Common Shares issued and outstanding prior to the Consolidation
have been consolidated to approximately 69,931,772 Common Shares. If, as a
result of the Consolidation, a Shareholder would otherwise be entitled to a
fraction of a post-Consolidation Common Share, the number of post-Consolidation
Common Shares will be rounded to the nearest whole number. The Company's
currently outstanding stock options will be adjusted on the same basis with
proportionate adjustments being made to the stock option exercise prices. 


The Company has an aggregate of 98,332,360 listed warrants (the "Listed
Warrants") issued and outstanding trading on the TSXV under the symbols "SSL.WT"
and "SSL.WT.A" and the Listed Warrants will continue to be traded on the TSXV
under these symbols following the Consolidation of the Company's Common Shares.
It is important to note that the Listed Warrants are not being consolidated.
Following the Consolidation, each five (5) Listed Warrants of SSL.WT (expiring
on April 23, 2014) will entitle the holder to purchase one post-consolidation
Common Share at the adjusted total exercise price of US$3.00. Each five (5)
Listed Warrants of SSL.WT.A (expiring on October 19, 2015) will entitle the
holder to purchase one post-Consolidation Common Share at the adjusted total
exercise price of US$5.00. In accordance with the terms of the Warrant
Indentures governing the Listed Warrants, notice of the Consolidation has been
sent to all holders of these warrants.


Sandstorm has mailed letters of transmittal to the registered holders of its
Common Shares, requesting that they forward their pre-consolidation Common Share
certificates to the Company's transfer agent, Computershare Investor Services
Inc., for exchange for new Common Share certificates representing their Common
Shares on a post-consolidation basis. 


ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a growth focused resource based company that seeks to
complete gold purchase agreements with companies that have advanced stage
development projects or operating mines. A gold purchase agreement involves
Sandstorm making an upfront cash payment to its partners and in exchange,
Sandstorm receives the right to purchase a percentage of the gold produced for
the life of the mine, at a fixed price per ounce. Sandstorm helps other
companies in the resource industry grow their business, while acquiring
attractive assets in the process.


Sandstorm is focused on low cost operations with excellent exploration potential
and strong management teams. Sandstorm has completed gold purchase agreements
with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp., Rambler
Metals and Mining plc, Brigus Gold Corp., Metanor Resources Inc. and Donner
Metals Ltd. 


For more information visit: http://www.sandstormgold.com.

Cautionary Note Regarding Forward-Looking Information

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking information" or "forward-looking
statements" within the meaning of applicable Canadian securities legislation.
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 information is based on reasonable assumptions that
have been made by Sandstorm as at the date of such information and is subject to
known and unknown risks, uncertainties and other 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 the forward-looking
information, 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; problems inherent to the marketability of minerals;
industry conditions, including fluctuations in the price of metals, fluctuations
in foreign exchange rates and fluctuations in interest rates; stock market
volatility; competition; 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, 2011. Although Sandstorm has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on
forward-looking information. Sandstorm does not undertake to update any
forward-looking information that is contained or incorporated by reference
herein, except in accordance with applicable securities laws. Sandstorm does not
provide any representation as to its comparability with other companies in its
industry including, but not limited to, Silver Wheaton Corp., Royal Gold, Inc.,
and Franco-Nevada Corporation.

Sandstorm Gold Ltd Wts (TSXV:SSL.WT)
Historical Stock Chart
Von Apr 2024 bis Mai 2024

Sandstorm Gold Ltd Wts (TSXV:SSL.WT)
Historical Stock Chart
Von Mai 2023 bis Mai 2024