Sandstorm Gold announced it extended its revolving credit agreement to five years. The revolving loan allows the company to borrow up to $100 million for acquisition purposes, from a syndicate of banks including The Bank of Nova Scotia, Bank of Montreal and National Bank of Canada.
The revolving loan is subject to the same interest and standby fees as the company’s previous revolving credit agreement announced on January 12, 2012.
Sandstorm Gold is a gold streaming company.