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Sandstorm launches Mariana takeover

Streaming company Sandstorm Gold (CN:SSL) will take over gold explorer Mariana Resources (LN:MARL) to get its hands on its share of the promising Hot Maden gold project in Turkey.

Sandstorm launches Mariana takeover Sandstorm launches Mariana takeover Sandstorm launches Mariana takeover Sandstorm launches Mariana takeover Sandstorm launches Mariana takeover

Signing a screamer: Hot Maden is worth over a billion in most currencies that matter

Canadian royalty and streaming firm Sandstorm already owns 7% of Mariana and will buy the remainder of the company in a cash and shares deal valuing Mariana at 166 million (US$213 million).