Sandstorm Gold’s Board Approves Acquisition of Nomad Royalty Company
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Sandstorm Gold’s special meeting of shareholders approved the resolution for the issuance of common shares of Sandstorm in connection with the arrangement where Sandstorm will acquire all of the issued and outstanding common shares of Nomad Royalty Company Ltd. The Resolution was approved by approximately 99 percent of votes cast by Sandstorm shareholders at the Meeting.
“Management is delighted to receive the overwhelming support of both Sandstorm and Nomad shareholders for this transaction,” said Nolan Watson, Sandstorm’s president and CEO.
“We expect the resulting company to be a stronger, more diversified royalty company with one of the best growth profiles in the industry. I truly believe our existing and new shareholders will benefit from this transaction for many years to come,” added Watson.
About Sandstorm Gold
Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. After the closing of the Nomad transaction, Sandstorm will hold a portfolio of 250 royalties, of which 39 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.
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