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    coal investing

    Sandstorm Amends Royal Coal Purchase Agreement

    Investing News Network
    Dec. 22, 2011 04:16PM PST
    Industrial Metals Investing

    Sandstorm Metals & Energy Ltd. (TSXV:SND) announced an amendment to its agreement to purchase coal from Royal Coal (TSXV:RDA).

    Sandstorm Metals & Energy Ltd. (TSXV:SND) announced an amendment to its agreement to purchase coal from Royal Coal (TSXV:RDA).

    As quoted in the press release:

    Sandstorm has amended the agreement whereby the requirement for Royal Coal to deliver the fixed percentage of coal will be deferred until December 31, 2012. This amendment is contingent upon Royal Coal raising Cdn$5 million by means of an equity financing.

    Click here for the Sandstorm Metals & Energy Ltd. (TSXV:SND) press release.

    coal investingtsxv:sndtsxv:rda
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