Sandstorm Metals & Energy Ltd STTYF

Sandstorm Metals & Energy Announces Terrex and Ant

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Sandstorm Metals & Energy Ltd. (“Sandstorm”) (TSX-V: SND) is pleased to announce the completion of a business combination between Anterra Energy Inc. (“Anterra”) and Terrex Energy Inc. (“Terrex”). Effective March 14, 2013, Anterra acquired 100% of the issued and outstanding common shares in the capital of Terrex, in exchange for Class A common shares in the capital of Anterra.

In connection with the completion of the business combination, Terrex and Anterra have entered into a settlement agreement (the “Settlement Agreement”) with Sandstorm. Under the Settlement Agreement, the hydrocarbon purchase agreement between Sandstorm and Terrex has been terminated in exchange for the following consideration to Sandstorm:

• a cash payment of $3.26 million by Anterra;
• the delivery of certain equipment from Terrex having a value of approximately $3 million;
• the issuance by Anterra of a $4 million principal amount, 5 year secured convertible debenture (bearing interest at 6% and convertible at $0.10 per Anterra Share);
• the issuance of 20,801,303 Terrex Shares (which shall be exchanged for approximately 6.39 million Anterra Shares); and
• the issuance of 3 million Anterra Shares.

For more information regarding the business combination visit Anterra’s website at https://www.anterraenergy.com.