representative work

Sandstorm Gold to Acquire Nomad Royalty for US$590 Million


On May 1, 2022, Sandstorm Gold Ltd. and Nomad Royalty Company Ltd. entered into a definitive agreement whereby Sandstorm will acquire all of the issued and outstanding common shares of Nomad pursuant to a plan of arrangement under the Canada Business Corporations Act for an implied equity value of US$590 million (the “Nomad Transaction”). Pursuant to the Nomad Transaction, Nomad shareholders will receive upfront consideration of 1.21 Sandstorm shares for each Nomad share held.

The Nomad Transaction forms part of a larger US$1.1 billion portfolio transformation for Sandstorm which includes the acquisition of nine royalties and one stream from BaseCore Metals LP.

Cassels is acting for Sandstorm on the Nomad Transaction.