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Sandstorm Gold Ltd.
is pleased to announce that it has entered into an
agreement with a syndicate of underwriters pursuant to which they have
agreed to purchase, on a bought deal basis, 7,500,000 units (the "Units") at
a price of Cdn $10.00 per unit for gross proceeds to the Company of
approximately Cdn $75 million (the "Offering"). The Offering will be
conducted through a syndicate of underwriters led by Cormark Securities Inc.
and including National Bank Financial Inc., Paradigm Capital Inc., BMO
Capital Markets, Casimir Capital Ltd., Canaccord Genuity Corp. and TD
Securities Inc. In addition, the Company has agreed to grant to the
underwriters an option to purchase up to an additional 15% of the number of
Units sold under the Offering at a price of Cdn $10.00 per Unit, on the same
terms and conditions as the Offering, exercisable at any time, in whole or
in part, until the date that is 30 days following the closing of the
Offering. In the event that the option is exercised in its entirety, the
aggregate gross proceeds of the Offering to Sandstorm will be approximately
Cdn $86.25 million. Each Unit will consist of one common share of Sandstorm
(each, a "Common Share") and one third 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$14.00 at any time prior to the date which is five years following
completion of the Offering.
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