Vancouver, British Columbia — Pursuant to National Instrument 62-103 -The Early Warning System and Related Take Over Bid and Insider Reporting Issues, Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) is announcing the disposition of 10,000,000 common shares of Pinecrest Resources Ltd. (“Pinecrest”) for gross proceeds of C$2.1 million, which reduces Sandstorm’s holdings of Pinecrest common shares to zero. Sandstorm still holds 10.0 million share purchase warrants of Pinecrest which if exercised would result in Sandstorm holding 13.9% of the then issued and outstanding Pinecrest shares (on a partially diluted basis).
The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Trek’s SEDAR profile at www.sedar.com.
The sale of Pinecrest shares represents a continuation of Sandstorm’s strategy to monetize non-core assets in order to fund the acquisition of streams and royalties.
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