”) dated January 10, 2011 for security holdings of 32,250,000special warrants representing a security holding percentage of 19.72%, assuming the
exercise of all issued and outstanding special warrants. The special warrants have since
been exercised and Luxor received 32,250,000 common shares and 16,125,000 common
share purchase warrant; each warrant is exercisable for one common share at an exercise
price of US
.70. The net increase in security holdings since the last report is 3,294,000
common shares and 2,750,000 warrants. As a result, LCG exercises control or direction
over an aggregate of 35,544,000 common shares and 18,875,000 warrants. As a result of
additional share issuance by the issuer, LCG’s securityholdings percentage of common
shares in the issuer has decreased from 19.72% to 15.63% (after giving effect to the
exercise of the warrants).
As at August 31, 2011, LCG exercised control or direction over 35,544,000 common
shares and 18,875,000 warrants owned by accounts and funds managed by LCG (the
“Luxor Funds”). LCG’s securityholding percentage of common shares of the issuer is
15.63% (after giving effect to the exercise of the warrants). LCG has control over but not
ownership of the common shares and warrants
September 12, 2011
Name and Address of Eligible Institutional Investor:
Wellington Management Company, LLP
Attn: Legal Services Department
280 Congress Street
Boston, MA 02210 USA
Wellington Management Company, LLP ("Wellington Management") controls
33,554,998 common shares of Sandstorm Metals & Energy Ltd. (the "Reporting
Issuer") representing a decrease in beneficial ownership of 3.80% of the
outstanding common shares of the Reporting Issuer since January 31, 2011.
Wellington Management has dispositive power over 33,554,998 shares of
common stock, representing 10.20% of the shares outstanding of the
common stock of the Reporting Issuer.
So these reports confirm that during the period Jan-August 2011 --> Luxor bought an additional 3.3M shares & 2.75M SND Warrants while Wellington sold ~1.3M shares. When the holdings of these institutional investors are combined they hold approx. 25.8% of SND's issued stock/warrants.