wowww Sandstorm paid 0.56 per share current pps 0.39 who said BUY OUT? mmmm
Sandstorm has agreed to purchase 17,857,142 common shares of Entrée (the “Shares”) at a price of CAD$0.56 per Share (the “Purchase Price”) for a total consideration of approximately CAD$10 million. The private placement is expected to close on or about March 1, 2013. Following the completion of the private placement and before taking into account any exercise by Rio Tinto International Holding Limited of its pre-emptive rights, Sandstorm will own 12% of the issued and outstanding shares of Entrée. The Shares will be subject to a 4-month hold period. The private placement is subject to Toronto Stock Exchange and NYSE MKT approval. Sandstorm has agreed that it will vote its Shares as Entrée’s board of directors specifies with respect to any proposed acquisition of Entrée, provided the potential acquirer agrees to execute and deliver to Sandstorm a deed of adherence to the Funding Agreement.
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