Sandstorm Resources Announces Name Change To Sandstorm Gold
Vancouver, British Columbia,
February 17, 2011 - Sandstorm
Resources Ltd. ("Sandstorm") (TSX-V: SSL) has changed its name to
Sandstorm Gold Ltd. ("Sandstorm Gold" or the "Company")
effective today, February 17, 2011. The name change has been accepted by the
TSX Venture Exchange and approved by Sandstorm's board of directors.
The Sandstorm Gold common shares and warrants will each commence trading on the
TSX Venture Exchange under the new name at market open today, February 17,
2011. The trading symbols for the common shares ("SSL"), the warrants
expiring April 23, 2014 ("SSL.WT") and the warrants expiring October
19, 2015 ("SSL.WT.A") remain unchanged.
"The decision to change the name to Sandstorm Gold was taken to ensure
shareholders understood that the Company is committed to remaining a pure
precious metals vehicle in the future," stated Nolan Watson, President and
Chief Executive Officer of Sandstorm Gold. "Non-precious metal streaming
acquisitions will be completed in the recently launched Sandstorm Metals &
Energy Ltd, while Sandstorm Gold remains as the only pure gold metal streaming
company available to investors."
Holders of share and warrant certificates in the Company's prior name do not
need to take any action as a result of the name change.
ABOUT SANDSTORM GOLD
Sandstorm Gold Ltd. is a growth focused resource based company that seeks to
complete gold purchase agreements with companies that have advanced stage
development projects or operating mines. A gold purchase agreement involves
Sandstorm making an upfront cash payment to its partners and in exchange,
Sandstorm receives the right to purchase a percentage of the gold produced for
the life of the mine, at a fixed price per ounce. Sandstorm helps other companies
in the resource industry grow their business, while acquiring attractive assets
in the process.
Sandstorm is focused on low cost operations with excellent exploration
potential and strong management teams. Sandstorm has completed gold purchase
agreements with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corp.,
Rambler Metals and Mining plc, Brigus Gold Corp. and Metanor Resources Inc. For
more information visit: http://www.sandstormgold.com.
Cautionary Note Regarding
Forward-Looking Information
Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking
information is based on reasonable assumptions that have been made by Sandstorm
as at the date of such information and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of Sandstorm to be materially different from those
expressed or implied by the forward-looking information, including but not
limited to: the impact of general business and economic conditions; the absence
of control over mining operations from which Sandstorm will purchase gold and
risks related to those mining operations, including risks related to
international operations, government and environmental regulation, actual
results of current exploration activities, conclusions of economic evaluations
and changes in project parameters as plans continue to be refined; problems
inherent to the marketability of minerals; industry conditions, including
fluctuations in the price of metals, fluctuations in foreign exchange rates and
fluctuations in interest rates; stock market volatility; competition; as well
as those factors discussed in the section entitled "Risk Factors" in
Sandstorm's annual information form for the financial year ended December 31,
2009. Although Sandstorm has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward-looking
information. Sandstorm does not undertake to update any forward-looking
information that is contained or incorporated by reference herein, except in
accordance with applicable securities laws. Sandstorm does not provide any
representation as to its comparability with other companies in its industry
including, but not limited to, Gold Wheaton Gold Corp., Silver Wheaton Corp.,
Royal Gold, Inc., and Franco-Nevada Corporation.
Contact Information:
Investor Relations Contact
Denver Harris
(604) 689-0234
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Copyright � 2011 SANDSTORM RESOURCES
LTD. (SSL) All rights reserved. For more information visit our website at http://www.sandstormresources.com/
or send email to info@sandstormresources.com
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