Sandstorm Appoints John P A Budreski to the Board of Directors
June 11, 2009
Vancouver, British Columbia, June 11, 2009 -- Sandstorm Resources Ltd. ("Sandstorm" or the "Company") (TSX-V: SSL) is pleased to announce that John P A Budreski has been appointed as a director of the Company. Mr. Budreski has been involved in capital markets since 1987 and is currently a Managing Director, Investment Banking at Cormark Securities Inc. Previously, he was the President and Chief Executive Officer of Orion Securities Inc. and Orion Financial Inc. from March 2005 up to its sale at the end of 2007. Prior to this, he filled the roles of a Managing Director of Equity Capital Markets and Head of Investment Banking for Scotia Capital Inc. after starting out as a Managing Director of US Institutional Equity Group for Scotia Capital. He also held senior management roles in investment banking and equity sales and trading for RBC Dominion Securities and worked for Toronto Dominion Bank. He holds an MBA and a Bachelor of Engineering.
"We are very pleased to have John Budreski on our Board," stated Nolan Watson, Sandstorm President and Chief Executive Officer. "He brings with him tremendous knowledge of the capital markets in North America, excellent experience in investment banking and is well known and respected in the equity markets on both the sell side and the buy side. Given that Sandstorm is focused on acquisitions of volumetric production payments, we feel that John's involvement and guidance will greatly benefit Sandstorm going forward."
Sandstorm also reports that it has approved the issuance of 3.6 million share purchase options to officers, directors and consultants of the Company. The share purchase options will be issued after market close on June 16, 2009 with an exercise price based on the closing price on that day. The term of the options will be five years.
For further information, please contact:
Nolan Watson, President and Chief Executive Officer
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