Sandstorm Metals & Energy Ltd STTYF

Down today?

[spazzman]

Down today on lite volume, this is the only news I can find that is out today. Gold is up, is there something I am not seeing?






Thomas Perry of Computer Access <[e-mail]>
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News Release - Wednesday, February 23, 2011
Sandstorm Metals & Energy Appoints Claudia Tornquist As Executive
Vice President And Announces The Issuance Of Stock Options
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Vancouver, British Columbia, February 23, 2011 - Sandstorm Metals &
Energy Ltd. ("Sandstorm Energy" or the "Company") (TSX-V: SND) is
pleased to announce the appointment of Claudia Tornquist as Executive
Vice President, Business Development.
Prior to joining Sandstorm Energy, Mrs. Tornquist was employed with Rio
Tinto plc for over 8 years in various roles in business development and
business evaluation. In her most recent position as General Manager
Business Evaluation, Mrs. Tornquist was responsible for advising Rio
Tinto's Investment Committee on mergers and acquisitions and major
investments. Prior to her involvement in mining, Mrs. Tornquist worked
in the UK venture capital industry and as a consultant for Accenture.
Mrs. Tornquist holds an MBA from INSEAD and a Masters of Engineering
from Technische Universität München in Germany.
Sandstorm Energy has also announced that its board of directors has
approved the issuance of 7.4 million stock options. The options will
have a five year term and will be issued after market close on February
22, 2011, with an exercise price based on the closing price on that
day. The stock options are being granted pursuant to Sandstorm
Energy's Stock Option Plan and will be issued to officers, directors
and employees of the Company.
ABOUT SANDSTORM METALS & ENERGY
Sandstorm Metals & Energy Ltd. is a growth focused resource based
company that seeks to complete commodity purchase agreements with
companies that have advanced stage development projects or operating
mines. A commodity purchase agreement involves Sandstorm making an
upfront cash payment to its partners and in exchange, Sandstorm
receives the right to purchase a percentage of the commodity produced
for the life of the asset, at a fixed price per unit. Sandstorm helps
other companies in the resource industry grow their business, while
acquiring attractive assets in the process.
Sandstorm is focused on low cost operations with excellent exploration
potential and strong management teams. Sandstorm has completed coal
purchase agreements with NovaDX Ventures Corp. and Royal Coal Corp.
For more information visit: www.sandstormmetalsandenergy.com.
Cautionary Note Regarding Forward-Looking Information
Except for the statements of historical fact contained herein, the
information presented constitutes "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Forward-looking information is based on reasonable assumptions that
have been made by Sandstorm Energy as at the date of such information
and is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity,
performance or achievements of Sandstorm Energy to be materially
different from those expressed or implied by the forward-looking
information, including but not limited to: the impact of general
business and economic conditions; the absence of control over mining
operations from which Sandstorm Energy will purchase coal and risks
related to those mining operations, including risks related to
international operations, government and environmental regulation,
actual results of current exploration activities, conclusions of
economic evaluations and changes in project parameters as plans
continue to be refined; problems inherent to the marketability of
minerals; industry conditions, including fluctuations in the price of
metals, fluctuations in foreign exchange rates and fluctuations in
interest rates; stock market volatility and competition. Although
Sandstorm Energy has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. Sandstorm Energy does
not undertake to update any forward-looking information that is
contained or incorporated by reference herein, except in accordance
with applicable securities laws. Sandstorm Energy does not provide any
representation as to its comparability with other companies in its
industry including, but not limited to Franco-Nevada Corporation, BHP
Billiton, Rio Tinto and Western Coal.
For further information, please contact:
Investor Relations Contact
Denver Harris
[phone]
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2011 SANDSTORM METALS & ENERGY. (SND) All rights
reserved. For more information visit our website at
https://www.sandstormmetalsandenergy.com/ or send
mailto:[e-mail]
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