A smart deal !according to link given previously...
"A smart move by Sandstorm as if you net out the cash ($2 million) Gold Royalties had the deal only cost them $3.7 million in shares."
Good report there:
https://ceo.ca/2015/02/18/sandstorm-acquires-the-smallest-gold-royalty-company-for-5-7-million/
GLTA.