Sandstorm Gold Announces Term Extension to Credit Facility

Sandstorm Gold Ltd. (NYSE MKT:SAND, TSX:SSL) has amended its revolving credit agreement (revolving loan), extending the term to five years. With the revolving loan, Sandstorm can borrow up to US$100 million for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.

According to the company’s press release:

The Revolving Loan is subject to the same interest and standby fees as the Company’s previous revolving credit agreement announced on January 12, 2012.

Click here to view the full press release. 


Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Bullion
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Otis-Gold-LogoOtis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.

Leave a Reply