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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:30 AM EST

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From: pogohere	6/10/2011 1:20:47 PM
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re: Sandstorm warrants held by US citizens: I confirmed the following with my US broker: The article linked here: munknee.com asserts the following: "From an American perspective you have only one viable option and that is to sell your position before the expiration date (and to do so at least 6 months before the expiry date is highly recommended because the value of a warrant often drops drastically during its final months of life) because, according to U.S. law, Americans cannot exercise a Canadian warrant unless its associated shares have been registered with the SEC because, should they exercise a warrant, they would be receiving a newly issued share which would be illegal." My broker assures me this is the case and that as things stand now, I can sell, but cannot exercise my Sandstorm warrants. Anyone who has different information please chime in.

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