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Re: recent Nolan Watson commentsSandstorm Gold Ltd. (“Sandstorm” or the “Acquiror”) Suite 1400 – 400 Burrard Street Sandstorm, a company existing under the laws of the Province of British Columbia, is a growth focused resource-based company that seeks to acquire gold and other precious metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. State the date of the transaction or other occurrence that triggered the requirement to file this report and briefly describe the transaction or other occurrence. During the period of April 5, 2019 through June 25, 2019, the Acquiror made market purchases aggregating 3,498,000 Entrée Shares at prices ranging from C$0.44 to C$0.455 per Entrée Share through the facilities of the Toronto Stock Exchange (the “Entrée Market Purchases”). State the names of any joint actors. Not applicable. 2.2 2.3 Item 3 – Interest in Securities of the Reporting Issuer 3.1 State the designation and number or principal amount of securities acquired or disposed of that triggered the requirement to file this report and the change in the acquiror’s securityholding percentage in the class of securities. -2- In connection with the Entrée Market Purchases, the Acquiror acquired an aggregate of 3,498,000 Entrée Shares. Prior to the completion of the Entrée Market Purchases, the Acquiror held 28,643,880 Entrée Shares and warrants to purchase an additional 457,317 Entrée Shares (“Entrée Warrants”), each Entrée Warrant exercisable to purchase one Entrée Share at a price of C$0.65 per Entrée Share until January 11, 2022. The 28,643,880 Entrée Shares held by the Acquiror prior to the completion of the Entrée Market Purchases represented approximately 16.4% of the issued and outstanding Entrée Shares. Assuming the exercise of all 457,317 Entrée Warrants held by the Acquiror, the Acquiror would then have held an aggregate of 29,101,197 Entrée Shares, representing approximately 16.6% of the current issued and outstanding Entrée Shares (on a partially diluted basis). Upon completion of the Entrée Market Purchases, the Acquiror held an aggregate of 32,141,880 Entrée Shares and 457,317 Entrée Warrants. The 32,141,880 Entrée Shares represent approximately 18.4% of the current issued and outstanding Entrée Shares. Assuming the exercise of all 457,317 Entrée Warrants held by the Acquiror, the Acquiror would then hold an aggregate of 32,599,197 Entrée Shares, representing approximately 18.6% of the current issued and outstanding Entrée Shares (on a partially diluted basis).
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Msg # | Subject | Author | Recs | Date Posted |
12287 | Re: recent Nolan Watson comments | Slideintofirst | 0 | 6/25/2019 9:29:40 PM |