首页|Sandstorm, Equinox and Rosedale to form Sandbox
Sandstorm, Equinox and Rosedale to form Sandbox
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Rosedale will acquire a portfolio of royalties from Equinox for $28.4 million in stock and from Sandstorm for $65 million comprising $32.1 million in stock and $32.9 million in a convertible promissory note. Upon closing, Sandstorm and Equinox will hold 34% and 30% respective interests in Rosedale, which intends to change its corporate name to Sandbox Royalties and seek a public listing on a Canadian stock exchange and undertake a non-brokered private placement financing at 70c per share for minimum proceeds of C$5 million.