SANDSTORM METALS & ENERGY COMPLETES CDN$49 MILLION BOUGHT DEAL FINANCING
Sandstorm Metals & Energy Ltd. has completed its previously announced bought deal financing, including the full amount of the overallotment option, for total gross proceeds to Sandstorm Metals & Energy of approximately $49-million. A syndicate of underwriters co-led by Cormark Securities Inc. and National Bank Financial Inc., and including BMO Capital Markets, Canaccord Genuity Corp., Paradigm Capital Inc. and Casimir Capital Ltd., purchased a total of 88.65 million units of Sandstorm Metals & Energy at a price of 55 cents per unit for gross proceeds of $48,757,500. Each unit consists of one common share and one-half of one common share purchase warrant of Sandstorm Metals & Energy. Each whole common share purchase warrant entitles the holder to acquire one common share of Sandstorm Metals & Energy at a price of 70 U.S. cents at any time prior to Dec. 23, 2012 (same terms as the warrants that are currently trading on the TSX Venture Exchange under the symbol SND.WT).