The company’s normal course issuer bid is being renewed after the existing NCIB expires on April 6. The current NCIB provides Sandstorm with the option to purchase up to 18.9M of the company’s common shares from time to time when Sandstorm’s management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 24M of its Common Shares, representing approximately 8% of the company’s issued and outstanding Common Shares.
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Published first on TheFly
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