Sandstorm Metals & Energy Ltd STTYF

Picklyp - Extending Warrants

[wordless]

There are rules that allow a Company to extend the expiry date of warrants. The only catch with SND is that their warrants are free trading anf I don't know if rules for free trading warrants are differenet.

However, comapneis (especially venture companies) extend warrants all the time.

Here are a few recent examples:

Galore Resources Inc.

TSX VENTURE : GRI

October 19, 2012 18:08 ET

Galore's Warrant Extension Accepted

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2012) - Galore Resources Inc. (TSX VENTURE:GRI) (the "Company") announces that the TSX Venture Exchange (the "Exchange") has granted its acceptance to extend warrants issued in connection with a non-brokered private placement originally completed in October, 2009. The original expiry date of these warrants was October 27, 2011 and they had been extended to expire October 27, 2012. The expiry of these warrants will now be extended by an additional six months.

As a result, the Company will extend the expiry date of 1,164,136 share purchase warrants to April 26, 2013. The exercise price will remain at $0.33 per warrant.

Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising deposits in Mexico and Canada.

Michael McMillan, Chief Executive Officer

For more information on Galore Resources Inc. visit www.galoreresources.com.

Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of or reviewed the information contained herein.

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.

Contact Information

Galore Resources Inc.
Erica C Bearss MBA
Vice President Corporate Communications
604-647-2298
604-647-0086 (FAX)
[e-mail]
www.galoreresources.com

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https://www.kanebiotech.com/pr100212.html

https://www.skylinegold.com/s/NewsReleases.asp?ReportID=543192&_Type=News-Releases&_Title=Proposed-Warrant-Extension

https://www.newswire.ca/fr/story/1002075/leonovus-announces-proposed-warrant-extension

[picklyp]

Yes - I have seen news releases, all I have seen are for non-publicly traded warrants. Therefore I have concluded that for publicly traded warrants it is either not allowed or would be such a bad idea from a PR point of view that no one ever does it (so would assume snd wouldn't deviate from that).

[oooshiny]

Here's one... It involved delisting the warrants, so that point is valid... but they were publicly traded at the time.BELLEVILLE, ON, February 17, 2008 – Bioniche Life Sciences Inc. (TSX: BNC), a research-based, technology-driven Canadian biopharmaceutical company, announced today that it will extend the expiration date of the up to 8,203,334 common share purchase warrants issued as part of a

[picklyp]

Aha! Thanks for this!  This would be very interesting if they did this because the warrant holders wouldnt be able to sell and would either have to exercise (if the extension moved the stock past the strike price) or abandon the right. This seems like a fairer way to do it? I dunno, very interesting!  I would like to see them get access to this warrant money.