GREY:STTYF - Post by User
Post by
Kewl2on Aug 03, 2011 8:41am
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Post# 18898007
NEWS........
NEWS........Sandstorm Metals & Energy Completes CND$49 Million Bought Deal Financing
https://www.marketwire.com/press-release/sandstorm-metals-energy-completes-cnd49-million-bought-deal-financing-tsx-venture-snd-1545315.htm
Sandstorm Metals & Energy Ltd. ("Sandstorm Metals & Energy") (TSX VENTURE:SND) is pleased to announce that it has completed its previously announced bought deal financing, including the full amount of the over-allotment option, for aggregate gross proceeds to Sandstorm Metals & Energy of approximately Cdn$49 million. A syndicate of underwriters 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., purchased an aggregate of 88,650,000 units of Sandstorm Metals & Energy at a price of Cdn
.55 per unit for gross proceeds of Cdn$48,757,500. Each unit consists of one common share and one-half of one common share purchase warrant of Sandstorm Metals & Energy. Each whole common share purchase warrant entitles the holder to acquire one common share of Sandstorm Metals & Energy at a price of US
.70 at any time prior to December 23, 2012 (same terms as the warrants that are currently trading on the TSX Venture Exchange under the symbol SND.WT).