Sandstorm Gold Royalties Announces Closing of Bought Deal Financing

VANCOUVER, BC, October 4, 2022 /PRNewswire/ – Sandstorm Gold Ltd. (“Sandstorm Gold Royalties” or the “Company”) (NYSE: THE SAND) (TSX: SSL) has completed its previously announced bought deal financing, including the full exercise of the underwriters’ over-allotment option, for an aggregate of 18,055,000 common shares (the “Common Shares”) sold at the price of $5.10 per common share for aggregate gross proceeds to the Company of approximately $92 million (the “Offer”).

The Company expects to use the net proceeds of the Offering for future stream and royalty acquisitions, the repayment, from time to time, of amounts drawn under the Company’s revolving credit facility and to other general working capital purposes.

The offering was made through a syndicate of underwriters co-led by BMO Capital Markets and Scotiabank. The Offer was made by means of a prospectus supplement dated September 28, 2022 and a base shelf prospectus dated September 22, 2022in all provinces and territories of Canadaother than Quebecand in United States pursuant to a prospectus supplement dated September 28, 2022 and a base shelf prospectus dated September 22, 2022pursuant to an effective registration statement filed with the United States Securities and Exchange Commission under the Canada/United States Multi-Jurisdictional Disclosure System (File No. 333-267554).

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration. or qualification under the title laws of such jurisdiction.

A copy of the prospectus supplement relating to the Offering and the accompanying base shelf prospectus can be found in Canada under the Company’s profile on SEDAR at www.sedar.comand a copy of the prospectus supplement and the accompanying base shelf prospectus can be found in United States on EDGAR at Alternatively, copies of the Prospectus Supplement may be obtained on request at Canada by contacting BMO Capital Markets, Brampton Distribution Center C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ont.L6S 6H2 by phone at 905-791-3151 ext. 4312 or by email at [email protected]and in United States by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by phone at (800) 414-3627 or by email at [email protected].


For more information on Sandstorm Gold Royalties, please visit our website at or write to us at [email protected].


Sandstorm is a gold royalty company that provides seed funding to gold mining companies seeking capital and, in return, receives the right to a percentage of the gold produced by a mine, for the life of the mine. the mine. Sandstorm holds a portfolio of 250 royalties, of which 39 of the underlying mines are in production. Sandstorm plans to expand and diversify its low-cost production profile through the acquisition of additional gold royalties. For more information visit:


This press release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of Canadian securities laws. securities, including, but not limited to, statements regarding the Offering, including the intended uses of the net proceeds of the Offering, which remain ultimately subject to the Company’s discretion, as well as the business, operations and financial performance and condition of Sandstorm Gold Royalties. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”. , “continuous”, “shots”, or similar terminology.

Forward-looking statements are made based on certain assumptions and other important factors which, if incorrect, could cause the actual results, performance or achievements of Sandstorm Gold Royalties to be materially different from the results, performance or achievements future expressed or implied by these statements. These statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which Sandstorm Gold Royalties will operate in the future, including expected gold and copper prices and costs. Certain important factors that could cause actual results, performance or achievements to differ materially from those set forth in the forward-looking statements include, among others, changes in business plans and strategies, market conditions, of the stock, best use of available cash, gold and other commodity price volatility, variances between actual and estimated production, mineral reserves and resources and metallurgical recoveries, risk of mining and development related to the parties that produce the gold or other commodities that the Company will purchase, regulatory restrictions, activities of governmental authorities (including changes in taxation), currency fluctuations, global economic climate , dilution, stock price volatility and competition.

Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to differ materially from those expressed. or implied by such forward-looking statements, including, but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which the Company will purchase gold, other raw materials or will receive royalties, and risks related to such mining operations, including risks related to international relations operations, government and environmental regulations, actual results of ongoing exploration activities, conclusions of economic assessments and changes in project parameters as plans continue to be refined, quality risks market price of minerals, fluctuations in the price of gold, copper and other commodities, fluctuations in exchange rates and interest rates, stock market volatility, as well as the factors discussed in the section entitled “Sandstorm Risks” in the Company’s Annual Report for the year ended December 31, 2021 and the section entitled “Risk Factors” contained in the Company’s Annual Information Form dated March 31, 2022 available at Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other factors that cause results not to be those anticipated, estimated or expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements contained or incorporated by reference, except in accordance with applicable securities laws.

SOURCE Sandstorm Gold Ltd.

Comments are closed.