Sandstorm Gold Announces Term Extension to Credit Facility

Sandstorm Gold Ltd. (NYSE MKT:SAND, TSX:SSL) has amended its revolving credit agreement (revolving loan), extending the term to five years. With the revolving loan, Sandstorm can borrow up to US$100 million for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.

According to the company’s press release:

The Revolving Loan is subject to the same interest and standby fees as the Company’s previous revolving credit agreement announced on January 12, 2012.

Click here to view the full press release.