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Premier Royalty Shareholders Approve Plan of Arrangement With Sandstorm Gold

30.09.2013  |  Marketwired
TORONTO, Sep 30, 2013 - Premier Royalty Inc. (TSX:NSR) ("Premier Royalty") is pleased to announce that at the special meeting of holders of common shares of Premier Royalty (the "Shareholders") held today, the Shareholders overwhelmingly approved the previously announced plan of arrangement (the "Arrangement") whereby Sandstorm Gold Ltd. ("Sandstorm") will acquire all of the outstanding common shares of Premier Royalty not held by Sandstorm or its affiliates. The resolution approving the Arrangement was approved by 99.95% of the votes cast by Shareholders present in person or represented by proxy at the meeting, and by 99.8% of the votes cast by disinterested Shareholders present in person or represented by proxy at the meeting.

The Arrangement remains subject to, among other things, the final approval of the Ontario Superior Court of Justice. The hearing for the final court order to approve the Arrangement is scheduled to take place on October 3, 2013, with the effective date of the Arrangement expected to occur on or about October 4, 2013.

Full details regarding the terms of the Arrangement are set out in the management information circular of Premier Royalty dated August 30, 2013, which is available on SEDAR at www.sedar.com. Further details of the Arrangement are disclosed in the August 14, 2013 news release also available on SEDAR.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in Premier Royalty's Annual Information Form dated as of December 31, 2012. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Premier Royalty disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.




Contact

Premier Royalty Inc.
Abraham Drost, P.Geo., President & CEO
807-476-2401

Premier Royalty Inc.
Nicole Marchand, Investor Relations
416-428-3533
info@premierroyalty.com
www.premierroyalty.com
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