The resolution approving the acquisition of the Company by Sandstorm Gold Ltd. (the "Purchaser") by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement") was approved by 99.73% of the votes cast by shareholders present in person (virtually) or represented by proxy and entitled to vote at the Meeting and by 99.73% of the votes cast by shareholders present in person (virtually) or represented by proxy and entitled to vote at the Meeting, excluding the votes cast by certain persons required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.
Votes at the Meeting were taken by poll online, and proxies were received by the Company prior to the Meeting.
In addition to the approval of the Arrangement by Nomad shareholders, Sandstorm shareholders approved the proposed share issuance in connection with the Arrangement at a special meeting of Sandstorm shareholders held today.
The Company also reports that it has received the
Following completion of the Arrangement, the Company expects to delist its common shares from the
For a more detailed description of the Arrangement, including regulatory matters and approvals, please see the Company's Management Information Circular dated
About
About Sandstorm Gold Ltd.
Sandstorm is a gold royalty company that provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. After the closing of the Nomad Acquisition announced on
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable
All statements other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties and are based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might", "have potential" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements, including but not limited to statements with respect to the anticipated completion and timing of completion of the Arrangement; the ability to obtain required Court approval for the Arrangement, the timing of obtaining such approvals, the delisting of the Company's common shares and listed warrants, and the Company's reporting issuer status following completion of the Arrangement. Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.
Please consult the section titled "Risk Relating to the Arrangement and the Combined Company" in the Circular as well as section titled "Risk Factors" in Nomad's annual information form dated
Forward-looking statements contained in this press release are made as of the date of this press release. Nomad disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. If Nomad updates any one or more forward-looking statements, no inference should be drawn that Nomad will make additional updates with respect to those forward-looking statements.
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