SANDSTORM METALS $ ENERGY ANNOUNCES INCREASED BOUGHT DEAL FINANCING TO CDN$45 MILLION
Sandstorm Metals & Energy Ltd. has increased its previously announced bought-deal financing from $25,025,000 to $45,003,750 and has maintained the size of the overallotment option at $3,753,750. A syndicate 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. has agreed to purchase, on a bought-deal basis, 81,825,000 units at a price of 55 cents per unit for gross proceeds of $45,003,750. Each unit will consist of one common share of the corporation and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the corporation 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).