*It takes 5 warrants to convert into 1 Common Share*
| Warrant Symbol - TSXV | SSL.WT | SSL.WT.A |
| Total Exercise Price | US$3.00 | US$5.00 |
| Expiry Date | April 23, 2014 | October 19, 2015 |
| Warrants Outstanding | 78,643,672 | 19,688,688 |
PLEASE READ: Acquisition of Warrants by a US Person.
U.S. securities laws require that a Company that wants to distribute securities apply to have those securities registered. U.S. securities law will permit a Company to distribute securities without having to register those securities if the Company is able to distribute those securities to individuals or persons pursuant to an exemption from the registration requirements of US securities laws.
The original distribution of warrants by Sandstorm was made pursuant to exemptions from the requirement to register securities under US securities laws. The warrant indenture, which governs the rights of the warrants provides that a transfer to, and the exercise of warrants by, a US person is prohibited unless that individual is able to provide to a legal opinion demonstrating that there is an exemption available from the registration requirements of US securities law.
Please contact your legal counsel before attempting to exercise or transfer the warrants. Your legal counsel should be able to assist you in determining whether there is an exemption available to you that would permit you to exercise or transfer the warrants.