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Sandstorm Resources Ltd. Completes Offering for Gross Proceeds of $36 Million
Sandstorm Resources Ltd. (TSX VENTURE:SSL, SSL.WT) completed a best efforts prospectus offering for gross proceeds of $36,800,460. A syndicate of agents co-led by Paradigm Capital Inc. and Cormark Securities Inc., and including GMP Securities L.P., arranged for the issuance and sale of 81,778,800 units of Sandstorm at a purchase price of $0.45 per unit, each unit being comprised of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of Sandstorm at a price of US$0.60 at any time prior to April 23, 2014.
Wildeboer Dellelce LLP represented the Agents with a team that included Derek Sigel, Irene Kim, Luke Sawicki (corporate/securities) and Kevin Fritz (tax).
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