Sandstorm Metals and Energy Ltd (fka STTYF)

[Tommy]

$STTYF - $SND.V - Sandstorm Metals & Energy Provides Corporate Update and Releases Q4 Results

http://finance.yahoo.com/news/sandstorm-metals-energy-provides-corporate-030012152.html

..."Proposed Share Consolidation

Sandstorm is proposing a consolidation of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-consolidation Common Share for up to every ten (10) pre-consolidation Common Shares (the "Consolidation"), with the final consolidation ratio to be set by the Company's Board of Directors within the range approved by the shareholders. The purpose of the Consolidation is to attract additional institutional investors and for potential future stock market listings.

If approved, the Consolidation would reduce the Company's 333,360,280 issued and outstanding Common Shares to approximately 33,336,028 Common Shares. The exercise price of outstanding stock options would be proportionately adjusted based upon the final consolidation ratio. The proposed Consolidation is subject to the approval of the TSX Venture Exchange and Sandstorm's shareholders.

Full details regarding the proposed Consolidation will be included in the information circular to be mailed on April 4, 2013 to all Sandstorm shareholders of record on March 26, 2013, and posted on SEDAR at www.sedar.com in connection with the Annual and Special Meeting of Shareholders, which is scheduled to be held on Friday, May 10, 2013." ...