Sandstorm Gold acquires 11 million Premier shares

2013-01-30 14:18 MT - News Release

 

Mr. Nolan Watson reports

SANDSTORM GOLD ANNOUNCES THE ACQUISITION OF ADDITIONAL COMMON SHARES OF PREMIER ROYALTY

Sandstorm Gold Ltd. has acquired 11 million common shares of Premier Royalty Inc. Sandstorm paid cash for the common shares at an average price of $1.98 per share. With the completion of the share acquisition, Sandstorm owns 46,678,221 common shares of Premier Royalty, representing approximately 59.9 per cent 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.

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