Sandstorm Gold (SAND) announced that the Supreme Court of British Columbia has granted the final order in connection with the company’s plan of arrangement with Royal Gold (RGLD), whereby Royal Gold will indirectly acquire all of the issued and outstanding common shares of Sandstorm. Sandstorm shareholders will receive 0.0625 of a share of common stock of Royal Gold for each Sandstorm Share held. The closing of the transaction is anticipated to occur on October 20, subject to the satisfaction or waiver of the remaining customary closing conditions. Following completion of the arrangement, the company expects to delist its shares from the TSX and the NYSE.
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