VANCOUVER, May 27, 2014 /CNW/ - Sandstorm Metals & Energy Ltd.
("Sandstorm Metals" or the "Company") is pleased to announce that
shareholders have voted in favour of the previously announced plan of
arrangement ("Arrangement") pursuant to which Sandstorm Gold Ltd. will
acquire all of the issued and outstanding common shares of the Company.
The vote took place at an Annual and Special Meeting of Shareholders
held today in Vancouver, British Columbia. The resolution approving the
Arrangement was approved by 99.71% of the votes cast by shareholders
present in person or represented by proxy at the meeting, and by 99.58%
of the votes cast by disinterested shareholders present in person or
represented by proxy at the meeting.
Subject to receipt of approval from the Supreme Court of British
Columbia, the Arrangement is expected to close on or about Thursday,
May 29, 2014.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements", within the
meaning of the U.S. Securities Act of 1933, the U.S. Securities
Exchange Act of 1934, the Private Securities Litigation Reform Act of
1995 and applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of
Sandstorm Metals & Energy Ltd. ("Sandstorm Metals"). Forward-looking
statements include, but are not limited to, statements with respect to
the annual general and special meeting of Sandstorm Metals; the
completion of the Arrangement, including the receipt of court and stock
exchange approvals, and the entering into of lock-up agreements with
certain holders of Sandstorm Metals Shares. Forward-looking statements
can generally be identified by the use of forward-looking terminology
such as "may", "will", "expect", "intend", "estimate", "anticipate",
"believe", "continue", "plans", or similar terminology.
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 Metals 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 operations from which Sandstorm Metals will
purchase commodities and risks related to those 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 commodities; industry conditions, including fluctuations in the
price of commodities, fluctuations in foreign exchange rates and
fluctuations in interest rates; stock market volatility; competition;
as well as those factors discussed in the section entitled "Risks to
Sandstorm" in Sandstorm Metals' annual report for the financial year
ended December 31, 2013. Although Sandstorm Metals 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 Metals 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 Metals does not provide any representation as to its
comparability with other companies in its industry including, but not
limited to, Franco-Nevada Corporation, BHP Billiton and Rio Tinto.
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.
SOURCE Sandstorm Metals & Energy Ltd.