representative work

Sandstorm Gold Acquires Nomad Royalty


On August 15, 2022, Sandstorm Gold Ltd. completed the acquisition of Nomad Royalty Company Ltd. pursuant to a plan of arrangement under the Canada Business Corporations Act.

Sandstorm issued approximately 74.4 million common shares of Sandstorm to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm shares for each common share of Nomad. With completion of the acquisition, existing Sandstorm and former Nomad shareholders own approximately 73% and 27%, respectively, of the outstanding shares of Sandstorm.

Cassels acted for Sandstorm.