A Big Week For Sandstorm
First, they get listed on the NYSE....
"Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (SSL.V)(SAND)(SAND) is pleased to announce that it has entered into an agreement with a syndicate of underwriters pursuant to which they have agreed to purchase, on a bought deal basis, 7,500,000 units (the "Units") at a price of Cdn $10.00 per unit for gross proceeds to the Company of approximately Cdn $75 million."
This gives them available capital upwards of $150+ million ($75 mill + $50 mill credit facility plus cash on hand of roughly $30 mill).
I smell a deal in the works.
This leaves them with about 77.5 million shares outstanding after it closes.