Sandstorm Resources And Sandstorm Metals Announce Closing Of The Spin-Out Of Sandstorm Metals & Energy Ltd.
Vancouver, British Columbia, May 13, 2010 – Sandstorm Resources Ltd. (“Sandstorm Resources” or the “Corporation”) (TSX-V: SSL) and Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”) (TSX-V: SND) are pleased to announce that the previously announced arrangement between Sandstorm Resources and Sandstorm Metals has now been completed. The Corporation obtained the final order approving the arrangement from the Supreme Court of British Columbia on May 4, 2010. The arrangement became effective at 12:01am on May 13, 2010 and the common shares of Sandstorm Metals will commence trading on the TSX Venture Exchange under the symbol “SND” at the market open today, May 13, 2010.
This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the United States Securities Act of 1933, as amended, or an applicable exemption from such registration requirements.
ABOUT SANDSTORM RESOURCES
Sandstorm Resources Ltd. is a growth focused resource based company that seeks to complete transactions with companies that have advanced stage development projects or operating mines. By making upfront payments to its partners, Sandstorm Resources receives volume based production payments (i.e. metal stream deals) on precious metals. Sandstorm Resources helps other companies in the resource industry grow their businesses, while acquiring attractive precious metal assets in the process.
Sandstorm Resources is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm has completed volume based production payments with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corporation and Rambler Metals and Mining plc. For more information visit: www.sandstormresources.com.
ABOUT SANDSTORM METALS & ENERGY
Sandstorm Metals & Energy Ltd. is a growth focused resource based company that seeks to complete transactions with companies that have advanced stage development projects or operating mines. By making upfront payments to its partners, Sandstorm Metals plans to acquire volume based production payments (i.e. metal stream deals) on base metals, bulk commodities and energy production. Sandstorm Metals helps other companies in the resource industry grow their businesses, while acquiring attractive assets in the process.
Sandstorm Metals is focused on low cost, profitable operations with excellent exploration potential and management teams focused on accretive growth in politically stable jurisdictions.
