The investment includes a $25m gold stream and royalty on the Relief Canyon mine when it reopens, a $10m convertible debenture, and a $7.5m equity subscription.
Sandstorm Gold Mining News
The 18.3 million shares represent approximately 10% of Sandstorm’s current shares outstanding.
A very important step in the moving the high grade Brucejack project forward to production was announced this morning with a signed agreement between Pretium and the Nisha’a Nation.
The deal will add US$7 million to US$8 million per year in cash flow to Sandstorm's portfolio.
Sandstorm Gold has entered into an arrangement with Gold Royalties Corporation, whereby Sandstorm will acquire all of its outstanding shares
2013 has been a 'very, very positive year' - CEO
Through its nine streaming agreements, Sandstorm purchased gold at an average of $420 per ounce last year.
Without financing the company said it is uncertain that it will "remain an ongoing concern."
Premier's royalty portfolio includes mines in Argentina, South Africa and Brazil.
It's amazing how some management teams are able to just shutter the door.