May 04, 2022

Nomad Royalty Company Ltd. signed a deal with Sandstorm Gold Ltd. on May 2 that will create the highest growth, most liquid mid-tier royalty company. In the arrangement, Sandstorm agreed to acquire all of the issued and outstanding shares of Nomad in an all-share transaction valued at approximately $590 million. Under the terms of the deal, which is expected to close in the second half of 2022, Nomad shareholders will receive 1.21 common shares of Sandstorm for each Nomad Share held.

The Jenner & Block team representing Nomad includes Partners Martin C. Glass, Geoffrey M. Davis, Rachel K. Alpert, and Lee K. Van Voorhis, Department Counsel Colleen M. Reddan, and Associate Kristen M. Iglesias.