Sandstorm Gold (SAND) signs LOI with Luna, gains in price

Sandstorm Gold Ltd. (NYSE MKT:

) shares gained 3.5% to $3.24, on signing a Letter of Intent with Luna Gold Corp., outlining restructuring of its gold stream and debt facility agreement. Sandstorm currently holds a 17% gold stream on Luna's Aurizona project in Brazil and has a debt facility outstanding to Luna with a principal amount of $20 million. Share volume was 12,000, compared to an all-day average of 106,000