|This Slide: #11 of 100|
Slide #11. Sandstorm Gold — Sandstorm Metals & Energy
Sandstorm Gold (NYSE:SAND)
Sandstorm Metals & Energy
Sandstorm Gold Ltd. ("Sandstorm Gold" or the "Company") (NYSE MKT: SAND, TSX: SSL) has entered into a definitive arrangement agreement ("Arrangement Agreement") with Sandstorm Metals & Energy Ltd. ("Sandstorm Metals") (TSX-V: SND) pursuant to which Sandstorm Gold will acquire all of the issued and outstanding shares (the "Sandstorm Metals Shares") of Sandstorm Metals other than the Sandstorm Metals Shares currently owned by the Company. The transaction will be implemented by way of a statutory plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia).
Sandstorm Gold is a resource based company that seeks to acquire gold streams ("Gold Streams") from companies that have advanced stage development projects or operating mines. In return for making upfront payments to acquire a Gold Stream, Co. receives the right to purchase, at a fixed price per ounce, a percentage of a mine's gold production for the life of the mine. Co. is focused on acquiring Gold Streams from mines with low production costs, signicant exploration potential and strong management teams.
Open the SAND Page at The Online Investor »
Buy (3.17 out of 4)
(ranked lower than approx. 53% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite