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Sandstorm Gold Increases Credit Facility to US$150 Million
Sandstorm Gold Increases Credit Facility to US$150 Million Canada NewsWire VANCO...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n\n\n\nSandstorm Gold Increases Credit Facility to US$150 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 20, 2017\n\n\n\nVANCOUVER, Dec. 20, 2017 /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm\" or the \"Company\") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to announce that it has amended its revolving credit agreement (the \"Revolving Loan\"), allowing the Company to borrow up to US$150 million for general corporate purposes, including paying dividends.\n\nThe syndicate of banks include The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce, and Royal Bank of Canada. The Revolving Loan has a term of four years, maturing on December 20, 2021. \n\nABOUT SANDSTORM GOLD\n\nSandstorm Gold Ltd. is a gold royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 174 royalties, of which 21 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties. \n\nFor more information visit: www.sandstormgold.com \n\nCAUTIONARY STATEMENTS TO U.S. SECURITYHOLDERS\n\nThe financial information included or incorporated by reference in this press release or the documents referenced herein has been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board, which differs from US generally accepted accounting principles (\"US GAAP\") in certain material respects, and thus are not directly comparable to financial statements prepared in accordance with US GAAP.\n\nInformation contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Sandstorm has been prepared in accordance with requirements and standards under securities laws, which differ from the requirem...