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Sandstorm Gold Royalties Renews Normal Course Issuer Bid and Automatic Share Purchase Plan
Sandstorm Gold Royalties Renews Normal Course Issuer Bid and Automatic Share Purchase Plan ...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"\n\n\n\n Sandstorm Gold Royalties Renews Normal Course Issuer Bid and Automatic Share Purchase Plan\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\n VANCOUVER, BC\n \n\n ,\n \n\n March 25, 2025\n \n\n /CNW/ - Sandstorm Gold Ltd. (\"Sandstorm Gold Royalties\", \"Sandstorm\" or the \"Company\") (NYSE: SAND) (TSX: SSL) is pleased to announce the early renewal of the Company's normal course issuer bid (\"NCIB\") and its automatic share purchase plan (\"ASPP\").\n \n\n\n\n\n\n\n\n\n\n Normal Course Issuer Bid\n \n\n\n Sandstorm is renewing its NCIB following the voluntary and early termination of the previous NCIB on March 24\n \n ,\n \n 2025. The previous NCIB provided Sandstorm with the option to purchase up to 20.0 million of the Company's common shares (\"Common Shares\") from time to time when Sandstorm's management believed that the Common Shares were undervalued by the market. Under the new NCIB, Sandstorm may purchase up to 20.0 million of its Common Shares, representing approximately 7% of the Company's issued and outstanding Common Shares. As of\n \n March 13, 2025\n \n , the Company had 296,161,707 Common Shares issued and outstanding, 292,453,918 of which made up the \"Public Float\" (within the meaning of the rules of the Toronto Stock Exchange (the \"TSX\")) and the 20.0 million Common Shares purchasable under the NCIB represents approximately 7% of the Company's Public Float. Under TSX rules, the Company's \"Annual Limit\" (within the meaning of the rules of the TSX) is 24,414,472 Common Shares, being the difference between 10% of the \"Public Float\" and the number of Common Shares purchased under the Company's previous NCIB. 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 TSX has accepted the Company's notice that it intends to proceed with a NCIB in accordance with TSX rules. Purchases under the new NCIB may commence on\n \n March 27, 2025\n \n , and will terminate on the ...