Sandstorm Gold Announces the Acquisition of Additional Common Shares of Premier Royalty
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2013) - Sandstorm Gold Ltd. ("Sandstorm") (TSX:SSL)(NYSE MKT:SAND) is pleased to announce that it has acquired 11 million common shares (the "Common Shares") of Premier Royalty Inc. ("Premier Royalty") (TSX:NSR). Sandstorm paid cash for the Common Shares at an average price of CAD$1.98 per share (the "Share Acquisition"). With the completion of the Share Acquisition, Sandstorm owns 46,678,221 Common Shares of Premier Royalty, representing approximately 59.9% of the currently issued and outstanding shares.
The acquisition of the Common Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Premier Royalty, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. An early warning report, as required under National Instrument 62-103, containing additional information with respect to the foregoing matters will be filed by the Company on Premier Royalty's SEDAR profile at www.sedar.com.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a gold streaming company. Sandstorm provides upfront financing for gold mining companies that are looking for capital. In return, Sandstorm receives a gold streaming agreement. This agreement gives Sandstorm the right to purchase a percentage of the life of mine gold produced, at a fixed price. Sandstorm is a non-operating gold mining company with a portfolio of nine gold streams, five of which are producing gold, and three NSR royalties. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams.
Sandstorm is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed gold purchase or royalty agreements with Brigus Gold Corp., Colossus Minerals Inc., Donner Metals Ltd., Luna Gold Corp., Magellan Minerals Ltd., Metanor Resources Inc., Mutiny Gold Ltd., Santa Fe Gold Corp., SilverCrest Mines Inc., Rambler Metals and Mining plc and Solitario Exploration & Royalty Corp.
For more information visit: www.sandstormgold.com.
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