Sandstorm has a 2.5% net smelter returns royalty ("NSR") on the Coringa gold project and a 1.0% NSR on the Cuiú Cuiú gold project.Sandstorm made an upfront payment of US$7.5 million and subscribed for one million shares of Magellan at a price of $0.50 per share to acquire the royalties in May 2012.

 

Magellan Announces the Filing of a Preliminary Economic Assessment for the Coringa Project, Brazil

http://www.marketwire.com/press-release/magellan-announces-filing-preliminary-economic-assessment-coringa-project-brazil-tsx-venture-mnm-1736537.htm