MADRID, Spain, April 7, 2014 /CNW/ - Jaime Carrasco Houston has filed an early warning report today announcing that he acquired an additional 1,219,200 common shares (the "Acquired Shares") of Sandstorm Metals & Energy Ltd. (the "Issuer") effective as of January 24, 2014 (the "Acquisition"). The Acquired Shares were acquired by means of a private acquisition at an aggregate price of Cdn$1,483,345.75.
Immediately following the Acquisition, Mr. Carrasco directly owns or exercises direction or control over an aggregate of 3,518,600 common shares ("Common Shares") of the Issuer, representing approximately 10.15% of the total outstanding Common Shares.
The Acquired Shares were acquired for investment purposes. Mr. Carrasco has a long-term view of the investment and does not intend at this time to acquire additional Common Shares, but may acquire additional Common Shares either on the open market or through private acquisitions or sell the Acquired Shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
Additional information is provided in the early warning report dated April 7, 2014 filed under the Issuer's profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
This news release is being issued under the early warning provisions of Canadian provincial securities legislation. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy for this release.
SOURCE: JAIME CARRASCO HOUSTON
For further information:
Jose Maria Olivares
Baker & McKenzie Madrid, SLP
Tel: +34 91 230 45 46