Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT: SAND, TSX: SSL) has closed its previously announced bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 10,087,800 units (the “Units”) of Sandstorm were sold at a price of US$2.85 per Unit, for aggregate gross proceeds of US$28.75 million (the “Offering”). Each Unit consists of one common share of Sandstorm and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one common share of Sandstorm at a price of US$4.00 at any time prior to November 3, 2020. The Warrants will trade on the TSX under the symbol SSL.WT commencing at the open of markets on November 3, 2015.

The Company plans to use the net proceeds from the Offering to reduce the balance of its revolving credit facility and for general working capital purposes. The US$110 million available under the credit facility was fully drawn to fund the acquisition of production streams from up to five projects from Yamana Gold Inc. (announced October 27, 2015).

The Offering was made through a syndicate of underwriters co-led by National Bank Financial Inc. and BMO Capital Markets. The Offering was completed by way of an amended and restated prospectus supplement and an accompanying base shelf prospectus in all of the provinces of Canada, other than Québec, and was offered in the United States pursuant to an amended and restated prospectus supplement and an accompanying base shelf prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission under the Canada/U.S. multi-jurisdictional disclosure system. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

A copy of the United States amended and restated prospectus supplement and base prospectus relating to the Offering is available on EDGAR at www.sec.gov and a copy of the amended and restated prospectus supplement and base prospectus for the Offering in Canada is available on SEDAR at www.sedar.com. Alternatively, copies of the U.S. amended and restated prospectus supplement and base prospectus and the Canadian amended and restated prospectus supplement and base prospectus may be obtained by contacting National Bank Financial Inc. at 130 King Street West, 4th Floor Podium, Toronto, ON M5X 1J9, Tel: (416) 869-3707, Fax: (416) 869-1010.

tijd 17.45 CET
Sandstorm Gold Today Vol. 164.500
Time X Price Chg Vol Buyer Seller Markers
11:27:00 T 3.50 +0.02 200 39 Merrill Lynch 79 CIBC
11:27:00 T 3.50 +0.02 200 1 Anonymous 79 CIBC
11:27:00 T 3.50 +0.02 100 101 SG Capital 79 CIBC
11:27:00 T 3.50 +0.02 1,200 1 Anonymous 79 CIBC