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Sandstorm Gold closes US$57.5M bought-deal offering


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Sandstorm Gold closes US$57.5M bought-deal offering

Sandstorm GoldLtd. said July 6 that it has closed its previously announced bought-deal offering, raising a totalof US$57.5 million including the full exercise of the underwriters' overallotmentoption.

A total of 12,921,400 common Sandstorm shares, at US$4.45 apiece,were sold under the offering, which was made through a syndicate of underwritersco-led by National Bank Financial Inc. and BMO Capital Markets.

Sandstorm plans to use the proceeds to reduce the balance ofits revolving credit facility, for the acquisition of streams and royalties andfor general working capital purposes.