Sandstorm axes diversified metals and energy arm

VANCOUVER — According to Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) president and CEO Nolan Watson, the calls from shareholders requesting he "clean up" sister company Sandstorm Metals & Energy (TSXV: SND; US-OTC: STTYF) had been...

VANCOUVER — According to Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) president and CEO Nolan Watson, the calls from shareholders requesting he "clean up" sister company Sandstorm Metals & Energy (TSXV: SND; US-OTC: STTYF) had been getting louder.

Watson and his team had originally envisioned dual streaming companies that could offer financing alternatives on a variety of commodities ranging from precious metals to natural gas, but in the end it was only the gold component that truly gained traction.

So on April 21 Sandstorm Gold announced a deal that catered to investor requests to get out of the base metal and energy business and focus solely on its highly-successful gold streams. Though the deal is labelled an acquisition, it appears Sandstorm Gold intends to monetize as many of Sandstorm Energy's assets as possible to boost its cash per share.

Read the entire story at NorthernMiner.com/news/sandstorm

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