Does anyone know what happened to that SG message board? Nothing seems to be there anymore. I just talked to Etrade and I can't sell my new shares since the reverse split since they don't have the securities in their possession yet. If I was to sell them it would like a short trade and I would be liable for any loss in that time. Does that sound right to anyone? Thanks
VANCOUVER, BRITISH COLUMBIA--(Marketwire -05/11/12)- Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (TSX-V: SSL) is pleased to announce that it has acquired from Magellan Minerals Ltd. ("Magellan") (TSX-V: MNM), a 2.5% net smelter returns royalty ("NSR") on the Coringa gold project ("Coringa") and a 1.0% NSR on the Cuiu Cuiu gold project ("Cuiu Cuiu") both of which are located in Para state, Brazil. As consideration, Sandstorm will provide an upfront cash payment of US$7.5 million and will subscribe for one million shares of Magellan at a price of $0.50 per share. The share subscription is subject to approval from the TSX Venture Exchange.
As part of the agreement, Magellan has provided Sandstorm with a right of first refusal on any future royalty or gold stream financing for both the Coringa and Cuiu Cuiu projects.
"These two NSRs are on projects with existing resources and strong exploration upside in a mining friendly jurisdiction," said Sandstorm President & CEO Nolan Watson. "In addition, by receiving a right of first refusal on any streaming or royalty financings on these assets, Sandstorm is well positioned for the future."
As Shiny said, it will take time for Yahoo to get the message board straightened out. I asked them to get a message board for SNDXD set up, then to transfer old messages from SNDXF to the new board so we can access them. BTW, I have very little expectation that will happen as I asked.
In the mean time, some of us are using the SSL.V message board. That one has no regular posters, so we won't be stepping on toes if we use it... I hope.
Come over and start posting. Trin