TransactionsSandstorm Resources Ltd. Completes $36.8 Million Equity FinancingPublished: 10/14/2009 By Michael Noonan, Jennifer Traub On October 14, 2009, Sandstorm Resources Ltd. completed its public offering, including the full amount of the over-allotment option, for aggregate gross proceeds to Sandstorm of C$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 purchasers of 81,778,800 units of Sandstorm at a purchase price of C$0.45 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole common share purchase 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. The warrants are listed on the TSX Venture Exchange under the trading symbol “SSL.WT”. Cassels Brock acted for Sandstorm Resources Ltd. with a team that included Jennifer Traub (Securities and Mining), Jason MacIntosh (Securities) and Michael Noonan (Securities). |