Sandstorm Gold Ltd (SAND)

[Tommy]

Sandstorm Gold Announces US$10 Million Contribution to Luna Gold's Aurizona Expansion

http://seekingalpha.com/news-article/4074181-sandstorm-gold-announces-us-10-million-contribution-to-luna-gold-s-aurizona-expansion?source=email_portfolio&ifp=0

... " "The Phase 1 Expansion Project at Aurizona will increase Sandstorm's cash flow and is an important next step for Luna as they assess Phase 2 expansion", said Sandstorm President & CEO Nolan Watson. "Aurizona is Sandstorm's flagship asset and this capital contribution demonstrates our commitment to being a strong partner with Luna for years to come."

In accordance with Sandstorm's gold stream agreement with Luna, Sandstorm is entitled to purchase 17% of the life of mine gold produced from Aurizona, at a per ounce price of US$400." ...