Sandstorm Gold Announces Term Extension to Credit Facility
Vancouver, British Columbia | July 21, 2014
Sandstorm Gold Ltd. (“Sandstorm” or the “Company”) (NYSE MKT:SAND, TSX:SSL) is pleased to announce that it has amended its revolving credit agreement (the “Revolving Loan”), extending the term to five years. The Revolving Loan allows the Company to borrow up to US$100 million, for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.
The Revolving Loan is subject to the same interest and standby fees as the Company’s previous revolving credit agreement announced on January 12, 2012.
