TransactionsCassels Brock Acts for Sandstorm Metals & Energy Ltd. in $49 Million Bought Deal FinancingPublished: 08/03/2011 By Myroslav Chwaluk, Jennifer Traub On August 3, 2011, Sandstorm Metals & Energy Ltd. (“Sandstorm”) announced that it completed its previously announced bought deal financing, including the full amount of the over-allotment option, for aggregate gross proceeds to Sandstorm of approximately CDN$49 million. A syndicate of underwriters co-led by Cormark Securities Inc. and National Bank Financial Inc., and including BMO Capital Markets, Canaccord Genuity Corp., Paradigm Capital Inc. and Casimir Capital Ltd., purchased an aggregate of 88,650,000 units of Sandstorm at a price of CDN$0.55 per unit for gross proceeds of CDN$48,757,500. Cassels Brock acted for Sandstorm with a team that included Jennifer Traub (Securities & Mining), Jason MacIntosh (Securities and Mining) and Myroslav Chwaluk (Securities). |