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Sandstorm Gold Royalties Renews Normal Course Issuer Bid
Sandstorm Gold Royalties Renews Normal Course Issuer Bid Canada NewsWire ...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n \n \n \n Sandstorm Gold Royalties Renews Normal Course Issuer Bid\n \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 Canada NewsWire\n \n \n \n \n \n DESIGNATED NEWS RELEASE\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 5, 2022\n \n \n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\", or the \"Company\") (NYSE: SAND) (TSX: SSL) announces that the Company's normal course issuer bid (\"NCIB\") is being renewed after the existing NCIB expires on\n \n April 6, 2022\n \n . The current NCIB provides Sandstorm with the option to purchase up to 19.1 million of the Company's common shares (\"Common Shares\") from time to time when Sandstorm's management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 18.9 million of its Common Shares, representing approximately 10% of the Company's issued and outstanding Common Shares of 192,224,215 as of\n \n March 31, 2022\n \n , less those Common Shares held by the Company's directors and senior officers. The new NCIB also provides Sandstorm with the option to purchase its Common Shares from time to time when Sandstorm's management believes that the Common Shares are undervalued by the market. The Toronto Stock Exchange (\"TSX\") has accepted the Company's notice that it intends to proceed with a NCIB in accordance with TSX rules. Purchases under the renewed NCIB may commence on\n \n April 7, 2022\n \n and will terminate on the earlier of\n \n April 6, 2023\n \n , the date that Sandstorm completes its purchases pursuant to the NCIB as filed with the TSX, or the date of notice by Sandstorm of termination of the NCIB.\n \n \n \n \n \n \n \n \n \n All purchases under the NCIB will be executed on the open market through the facilities of the TSX or alternative Canadian trading platforms and through the facilities of the NYSE or alternative trading platforms in\n \n the United States of America\n \n . Purchases will be made at the market price of the Common Shares at the time of acquisition and may be funded by Sandstorm's working capita...