Acquiring Company
Sandstorm Gold Ltd
Acquired Company
BASECORE
VancouverMiningMineralMining TechnologyDescription
Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to announce the closing of the previously announced acquisition of nine royalties and one stream (the "Royalty Package") from BaseCore Metals LP ("BaseCore"). Sandstorm made a payment of US$425 million in cash, partly funded by the previously announced upsized credit facility, and issued approximately 13.5 million common shares of the Company to BaseCore (the "Sandstorm Shares"). In accordance with Canadian securities laws, the Sandstorm Shares will be subject to a four-month hold period.
Quick answer
Sandstorm Gold Ltd is acquiring BASECORE, announced July 12, 2022. Sandstorm Gold Ltd is based in Vancouver, British Columbia, Canada.
- How much did Sandstorm Gold Ltd pay for BASECORE?
- The deal value was not disclosed.
- What does Sandstorm Gold Ltd do?
- Sandstorm Gold Ltd. is a gold streaming and royalty company.
- Where are Sandstorm Gold Ltd and BASECORE based?
- Sandstorm Gold Ltd is based in Vancouver, British Columbia, Canada.
Source: Fundz verified event record.
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Who to call at Sandstorm Gold Ltd, and when
When Sandstorm Gold Ltd changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired BASECORE?
BASECORE was acquired by Sandstorm Gold Ltd, based in Vancouver. The deal was reported on July 12, 2022. Sandstorm Gold Ltd. is a gold streaming and royalty company. It provides upfront financing to mining companies in exchange for a percentage of the mineral production. Sandstorm Gold Ltd is privately held and operates in Mining.
When did Sandstorm Gold Ltd acquire BASECORE?
Sandstorm Gold Ltd's acquisition of BASECORE was reported on July 12, 2022. Sandstorm Gold Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does BASECORE do?
BaseCore Metals, an independent 50/50 joint venture between Glencore and Ontario Teachers’, is the leading base metals focused streaming and royalty company. It is privately held.
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