Sandstorm Gold acquires 98,121 AuRico shares
2015-07-27 16:08 ET - News Release
Mr. Nolan Watson reports
SANDSTORM GOLD FILES EARLY WARNING REPORT
Pursuant to National Instrument 62-103, the Early Warning System and Related Takeover Bid and Insider Reporting Issues, Sandstorm Gold Ltd. has purchased 98,121 common shares of AuRico Metals Inc., representing approximately 0.1 per cent of the outstanding common shares of AuRico.
Prior to the acquisition of the acquired shares, Sandstorm owned directly a total of 11,713,880 AuRico shares, which represented approximately 9.9 per cent of the issued and outstanding AuRico shares. Upon completion of the acquisition of the acquired shares, a total 11,812,001 AuRico shares are now owned directly by Sandstorm, representing approximately 10 per cent of the issued and outstanding AuRico shares.
The acquired shares were acquired by Sandstorm on the open market over the facilities of the Toronto Stock Exchange at a price of 56.79 cents per acquired share. The acquisition of the common shares by Sandstorm was effected for investment purposes. Sandstorm may, from time to time, acquire additional securities of AuRico, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position.
The early warning report, as required under NI 62-103, contains additional information with respect to the foregoing matters and will be filed by the company on AuRico's SEDAR profile.
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