Sandstorm Resources Proposed Spin-Out of Sandstorm Energy

Sandstorm Resources Ltd. (TSX VENTURE:SSL) reported that the company intends to spin-out its option on the Eagle Lake uranium property owned by Eagle Plains Resources Ltd. located in Saskatchewan, Canada into a newly incorporated, wholly-owned British Columbia subsidiary of Sandstorm Resources, Sandstorm Energy & Base Metals Ltd.

The press release is quoted as saying:

Sandstorm Resources is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm Resources has completed volumetric production payments with Luna Gold Corp., SilverCrest Mines Inc., Santa Fe Gold Corporation and Rambler Metals and Mining plc.

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