SANDSTORM METALS & ENERGY LTD. ("SND")
BULLETIN TYPE: Plan of Arrangement-Change in Share type/classificaton or other attributes, Delist
BULLETIN DATE: May 30, 2014
TSX Venture Tier 1 Company
The TSX Venture Exchange (the 'Exchange') has accepted for filing documentation in connection with an arrangement agreement dated April 21, 2014 (the 'Arrangement Agreement') between Sandstorm Energy & Metals Ltd. ('Metals') and Sandstorm Gold Ltd. ('Gold'). Pursuant to the Arrangement Agreement, each Metals common share (each, a 'Metals Share') was exchanged for $0.35 in cash and 0.178 of a common share of Gold.
The Exchange has been advised that approval of the Arrangement by shareholders of Metals was received at a meeting of the shareholders held on May 27, 2014 and that approval of the Arrangement was received from the Supreme Court of British Columbia on May 28, 2014. The full particulars of the Arrangement are set forth in Metals' Information Circular (the 'Circular') dated April 24, 2014, which is available under Metals' profile on SEDAR. Metals' securityholders should refer to the Circular for a summary of the procedures regarding the exchange of Metals' securities for the consideration to which they are entitled under the Arrangement.
The Arrangement became effective on May 29, 2014.
Delisting:
In conjunction with the closing of the Arrangement, the Metals Shares will be delisted from the Exchange. Accordingly, effective at the close of business, Friday, May 30, 2014, the Metals Shares will be delisted.
Insider / Pro Group Participation: Metals and Gold have the same Chief Executive Officer and Chief Financial Officer in addition to five common directors. Prior to completion of the Arrangement, Gold held approximately 7.7% of the Metals Shares.
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