On October 21, 2024, Orion Mine Finance made an announcement regarding the sale of 10,000,000 common shares of Sandstorm Gold Ltd. on October 18, 2024. The sale was conducted through private transaction at a price of C$7.95 per Common Share, resulting in gross proceeds of C$79,500,000. Prior to the transaction, Orion Group owned 45,271,170 Common Shares, representing a securityholding percentage of 15.22%. Following the transaction, Orion now holds 35,271,170 Common Shares, with a securityholding percentage of approximately 11.86%.
The sale of Common Shares by Orion Group was part of its ordinary business operations, with no current plans to acquire additional securities of Sandstorm or engage in other actions requiring disclosure under securities laws. Depending on various factors such as market conditions and Sandstorm’s prospects, Orion Group may acquire or sell securities of Sandstorm in the future.
This news release is issued under the early warning reporting provisions of applicable securities laws, and an early warning report with additional information will be filed and made available. For further inquiries, individuals may contact Dov Lader, General Counsel of Orion Resource Partners (USA) LP. The addresses of Orion Mine Finance Management II Limited, Orion Mine Finance Management III LLC, and Sandstorm’s head office are also provided for reference.
The forward-looking statements included in this press release pertain to the Orion Group’s intentions regarding Sandstorm’s securities and are subject to risks and uncertainties. The Orion Group disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
SOURCE: Orion Mine Finance Management II Limited
