Sandstorm Gold shareholders approve plan of arrangement with Royal Gold

Sandstorm Gold (SAND) provided the voting results from its special meeting of shareholders held October 9, at which 58% of its issued common shares were represented. The company’s shareholders have approved the company’s plan of arrangement with Royal Gold (RGLD), whereby Royal Gold will indirectly acquire all of the issued and outstanding shares. The arrangement was approved by 98.68% of the votes cast by all shareholders present or represented and entitled to vote at the meeting. The closing of the transaction is anticipated to occur on October 20, subject to the satisfaction or waiver of the remaining customary closing conditions, including receipt of the approval of the Supreme Court of British Columbia, certain conditions to the completion of the Horizon Transaction having been satisfied or waived by Royal Gold, and the approval of the listing of shares of Royal Gold’s stock to be issued in the Arrangement on Nasdaq. Following completion of the arrangement, the company expects to delist its shares from the TSX and the NYSE. It is anticipated that the company will also apply to the Canadian securities regulators for the company to cease to be a reporting issuer in the applicable jurisdictions and will deregister the Sandstorm shares under the SEC Act of 1934, as amended.