Sandstorm Resources Announces Intention to Exercise Over-Allotment Option
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) -
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Sandstorm Resources Ltd. ("Sandstorm" or the "Corporation") (TSX VENTURE:SSL) is pleased to announce that in connection with its previously announced bought deal financing (the "Offering") it has been advised by the underwriters of their intention to exercise their over-allotment option in full at closing, increasing the number of units to be issued under the Offering to 78,768,100 units for gross proceeds to the Corporation of $57,500,713. Sandstorm has obtained a receipt for its final short form prospectus and is scheduled to close on October 19, 2010 and is subject to certain customary conditions of closing.
The Corporation confirms that none of the qualified persons that authored the technical reports in support of its material mineral projects own any securities of the Corporation.
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