On August 15, 2022, Sandstorm Gold Ltd. completed the acquisition of Nomad Royalty Company Ltd. pursuant to a plan of arrangement under the Canada Business Corporations Act.

Sandstorm issued approximately 74.4 million common shares of Sandstorm to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm shares for each common share of Nomad. With completion of the acquisition, existing Sandstorm and former Nomad shareholders own approximately 73 percent and 27 percent, respectively, of the outstanding shares of Sandstorm.

Cassels Brock & Blackwell LLP acted for Sandstorm with a deal team that included Jennifer Traub, Jen Hansen, Jeffrey Roy, Jasmine Qin, Aamir Chherawala (Securities, M&A and Mining), Alex Iliopoulos, Darrell Podowski (Mining), Jennifer Wasylyk, David Budd (Banking & Specialty Finance and Mining), Corinne Grigoriu, Jocelyn Arnason (Tax), Davit Akman, Tegan O’Brien, Olivia Ells (Competition & Foreign Investment), Stephanie Voudouris, John Picone, Andrea Gorys (Litigation), Laurie Jessome (Employment & Labour), and Priya Gill (Articling Student).

Neal, Gerber & Eisenberg acted as US counsel for Sandstorm with a deal team that included John Koenigsknecht, Betsy Thelen, and Elain Taussig.

Fasken acted for Nomad with a deal team that included Marie-Josée Neveu, Sébastien Bellefleur, Julien Fournier, and Laura Fabi.

Jenner & Block LLP acted as US counsel for Nomad with a deal team that included Martin Glass and Kristen M. Iglesias.