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Stock impact report

Sandstorm Gold Royalties Announces Sale of Select Non-Core, Non-Precious Metals Assets and Renews Normal Course Issuer Bid [Yahoo! Finance]

Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND) 
NASDAQ:AMEX Investor Relations: sandstormgold.com/investors
Company Research Source: Yahoo! Finance
the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce that the Company has signed a definitive asset purchase agreement to sell a collection of non-core, non-precious metals royalties for cash proceeds of $21.0 million plus the retention of the next $10 million in proceeds from the Copper Mountain Royalty (as defined below). In conjunction with accelerated deleveraging driven by recent non-core asset sales and the current commodity price environment, Sandstorm's Board of Directors has approved the use of the renewed Normal Course Issuer Bid ("NCIB") allowing the Company to purchase its common shares from time to time when management believes the common shares are undervalued by the market (further details below). All dollar figures are in US dollars unless otherwise stated. Sale of Non-Core, Non-Precious Metals Royalty Package Sandstorm has signed a definitive asset purchase agreement with Evolve Strategic Element Royalties Ltd. ("Evolve") for the sale of eight royalties f Show less Read more
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