Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that it has acquired 11 million common shares (the “Common Shares”) of Premier Royalty Inc. (“Premier Royalty”) (TSX: NSR). Sandstorm paid cash for the Common Shares at an average price of CAD$1.98 per share (the “Share Acquisition”). With the completion of the Share Acquisition, Sandstorm owns 46,678,221 Common Shares of Premier Royalty, representing approximately 59.9% of the currently issued and outstanding shares.
The acquisition of the Common Shares by Sandstorm was effected for investment purposes. Sandstorm may from time to time acquire additional securities of Premier Royalty, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its current position. An early warning report, as required under National Instrument 62-103, containing additional information with respect to the foregoing matters will be filed by the Company on Premier Royalty’s SEDAR profile at www.sedar.com.