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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:44 AM EST

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From: kidl	5/4/2012 4:48:09 PM
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They are leaving themselves a lot of room in case initial market reaction is negative which I don't expect. Sandstorm Gold Announces Shareholder Approval of Share Consolidation ccnm VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2012) - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX VENTURE:SSL)(TSX VENTURE:SSL.WT)(TSX VENTURE:SSL.WT.A) announces that its shareholders have approved the proposed five (5) for one (1) consolidation of the Company's common shares (the "Consolidation"). The shareholders voted in favour of the Consolidation at the shareholder's meeting held today. It is important to note that the Company's issued and outstanding listed warrants (the "Listed Warrants"), which are currently traded on the TSX Venture Exchange under the symbols SSL.WT and SSL.WT.A, are not being consolidated. Following the Consolidation, each five (5) listed warrants of SSL.WT (expiring on April 23, 2014) will entitle the holder to purchase one post-Consolidation common share at the adjusted total exercise price of US$3.00. Each five (5) Listed Warrants of SSL.WT.A (expiring on October 19, 2015) will entitle the holder to purchase one post-Consolidation common share at the adjusted total exercise price of US$5.00. Subject to regulatory approval, Sandstorm anticipates to complete the Consolidation on or about May 9, 2012. A detailed press release will be issued with respect to the Consolidation upon its completion.

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