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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

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Oct 24 9:44 AM EST

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From: kidl	1/12/2012 7:15:55 PM
	of 1133

Time for new deals ... Sandstorm Gold Announces New US$50 Million Revolving Credit Facility ccnm VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2012) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL) announced that it has entered into a revolving credit agreement with The Bank of Nova Scotia which allows the Company to borrow up to US$50 million (the "Revolving Loan"). The Revolving Loan has a term of three years, which is extentable by mutual consent of The Bank of Nova Scotia and Sandstorm. Sandstorm intends to use the Revolving Loan for the acquisition of gold streams. The amounts drawn on the Revolving Loan are subject to interest at LIBOR plus 3.00%-4.25% per annum, and the undrawn portion of the Revolving Loan is subject to a standby fee of 0.75%-1.05% per annum, dependent on the Company's leverage ratio. Sandstorm President and CEO Nolan Watson commented, "The credit facility coupled with our increasing operating cash flow, allows Sandstorm to continue to grow the Company through acquisitions while minimizing equity dilution going forward."

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