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.