CHEVY CHASE, Md., July 24, 2013 /CNW/ - In the past several days Roumell Asset Management, LLC ("RAM") has acquired over 1.5 million shares of Sandstorm Metals & Energy Ltd. (TSX-V: SND) common stock, taking its ownership to 14.48% of the company's outstanding shares. This is a passive investment based on RAM's analysis of the company's underlying asset value and a strong belief in the leadership of Nolan Watson, President and CEO, and the Sandstorm management team.
About Roumell Asset Management, LLC
Founded in 1998 and located in metropolitan Washington, D.C., Roumell Asset Management, LLC is an opportunistic investment manager with a deep-value bias that manages funds in equity, balanced and fixed income accounts. The firm, whose clients include individuals and corporations, has approximately $310 million in assets under management as of May 31, 2013.
Jim Roumell, President
Roumell Asset Management, LLC
301 656-8500, ext 301
SOURCE: Roumell Asset Management, LLC