Equinox Gold Corp (EQX)

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Sandstorm Gold Announces Completion of Luna Gold/JDL Gold Combination, Files Early Warning Report
NEWS PROVIDED BY
Sandstorm Gold Ltd.
Apr 05, 2017, 17:22 ET
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VANCOUVER, April 5, 2017 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSE MKT: SAND, TSX: SSL) is pleased to announce that Luna Gold Corp. ("Luna Gold") and JDL Gold Corp. ("JDL Gold") have combined their businesses to create Trek Mining Inc. ("Trek"). As part of the business combination, a non-brokered private placement financing was completed for gross proceeds of C$83,419,172.

Trek is well-funded with approximately C$113 million in cash and no cash debt, and is advancing the Aurizona gold project ("Aurizona" or the "Aurizona Project") to production. A feasibility study is nearing completion and the first gold pour at Aurizona is targeted for year-end 2018. Near-mine and district-scale exploration is also underway with a focus on the drill-ready targets directly along strike of the existing reserves and resources at Aurizona's past producing Piaba open pit. The greenfields exploration ground adjacent to the Aurizona Project is under option to AngloGold Ashanti Holdings plc ("AngloGold").

Sandstorm holds a 3% to 5% sliding scale net smelter returns ("NSR") royalty on Aurizona and at gold prices less than or equal to $1,500 per ounce, the royalty is a 3% NSR. In addition to the sliding scale royalty on Aurizona, Sandstorm holds a 2% NSR royalty on the greenfields property optioned to AngloGold.

EARLY WARNING REPORT

Pursuant to National Instrument 62-103 - The Early Warning System and Related Take Over Bid and Insider Reporting Issues, the Company is announcing the acquisition of an aggregate of 27,660,694 common shares ("Trek Shares") and 11,739,332 warrants (the "Trek Warrants") of Trek. Sandstorm acquired the Trek Shares and Trek Warrants upon the completion of the aforementioned business combination of Luna Gold and JDL Gold, and pursuant to the terms of a debt settlement agreement.

With the acquired Trek Shares and Trek Warrants, Sandstorm now holds an aggregate of 28,035,693 Trek Shares, representing 15.77% of the issued and outstanding Trek Shares. If you assume the exercise in the future of all of the Trek Warrants currently held by the Company into Trek Shares, Sandstorm would then hold 37,095,940 Trek Shares, representing approximately 19.86% of the then issued and outstanding Trek Shares, on a partially diluted basis.

The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by the Company on Trek's SEDAR profile at www.sedar.com.

ABOUT SANDSTORM GOLD

Sandstorm Gold Ltd. is a gold streaming and royalty company. Sandstorm provides upfront financing to gold mining companies that are looking for capital and in return, receives the right to a percentage of the gold produced from a mine, for the life of the mine. Sandstorm has acquired a portfolio of 155 streams and royalties, of which 20 of the underlying mines are producing. Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold streams and royalties.

For more information visit: www.sandstormgold.com

http://www.prnewswire.com/news-releases/sandstorm-gold-announces-completion-of-luna-goldjdl-gold-combination-files-early-warning-report-618429503.html

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Luna Gold Shareholders (LGCUF) should receive their shares of Trek Mining (LWLCF) within two weeks per Trek Investor Relations today.

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Trek Mining Announces Conversion of Subscription Receipts into Common Shares and Warrants, Commences Trading on the TSX-V as “TREK”

Trek Mining Inc. (TSX-V: TREK) (“Trek”), formerly JDL Gold Corp. (TSX-V: JDL), is pleased to announce that Luna Gold Corp. (TSX: LGC) and JDL Gold Corp. have combined their businesses to create Trek, following final approval by the TSX Venture Exchange (“TSX-V”) of the previously announced plan of arrangement (the “Arrangement”). Trek is now trading on the TSX-V under the ticker symbol “TREK”.

With the Arrangement closed, 41,709,586 subscription receipts (the “Subscription Receipts”) issued pursuant to Trek’s previously announced brokered and non-brokered private placement financings have been converted into 41,709,586 common shares (each, a “Common Share”) and 41,709,586 common share purchase warrants (each, a “Warrant”). Each Warrant will entitle the holder to acquire one Common Share at an exercise price of C$3.00 with an expiry date of October 6, 2021.

The Common Shares and Warrants issued upon conversion of the Subscription Receipts may be traded by the holders through the facilities of the TSX-V under the symbols “TREK” and “TREK.WT”, respectively, and are not subject to a statutory hold period.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of the words “will”, “may”, “subject to” and similar expressions are intended to identify forward-looking statements. Although Trek believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Trek can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Trek's periodic filings with Canadian securities regulators. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Trek does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

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$LWLCF
Merger Details
Luna Gold and JDL Gold Announce Merger to Create a Multi-Asset Mining Company and Concurrent C$27 Million (US$20 Million) Equity Financing
http://www.marketwired.com/press-release/luna-gold-jdl-gold-announce-merger-create-multi-asset-mining-company-concurrent-c27-tsx-lgc-2192862.htm

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$LWLCF
Trek Mining Website
https://www.trekmining.com/