Sandstorm Gold Files Early Warning23 May 2017 23:33
VANCOUVER , May 23, 2017 /CNW/ - Pursuant to National Instrument 62-103 -The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. ("Sandstorm" or the "Company") is announcing the receipt of 10,755,171 common shares and 205,792 warrants of Mason Resources Corp. ("Mason"). The Mason shares and warrants were received by Sandstorm as part of a plan of arrangement between Mason and Entrée Gold Inc. ("Entrée"). Pursuant to the terms of the plan of arrangement, Sandstorm received 0.45 of a Mason share (and one new Entrée share) in exchange for each common share held by Sandstorm in Entrée, and will receive 0.45 of a Mason warrant (and one new Entrée warrant) in exchange for each whole warrant held by Sandstorm in Entrée. The Company paid no consideration for the Mason shares and warrants and prior to the completion of the plan of arrangement, Sandstorm did not own any Mason securities.
With the acquired Mason shares, Sandstorm holds 13.8% of the issued and outstanding shares of Mason. If you assume the exercise in the future of all of the Mason warrants to be received by the Company into Mason shares, Sandstorm would then hold 10,960,963 Mason shares, representing approximately 14.1% of the then issued and outstanding Mason shares.
Please refer to the early warning report, as required under National Instrument 62-103, which contains additional information with respect to the foregoing matters and has been filed by the Company on Mason's SEDAR profile at www.sedar.com.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 155 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.
For more information visit: www.sandstormgold.com
https://finance.yahoo.com/news/sandstorm-gold-files-early-warning-212600868.html
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