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Press Releases

Mar 08, 2012

Sandspring Resources Ltd. Announces $25Million Bought Deal Public Offering Of Common Shares

Sandspring Resources Ltd. (SSP: TSX-V) ("Sandspring" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets and Scotiabank (collectively the "Underwriters") to purchase 23,150,000 common shares (the "Common Shares") at $1.08 per Common Share for gross proceeds of $25.0 million (the "Offering"). The Company has granted the Underwriters an option to purchase up to an additional 15% of the Common Shares, exercisable in whole or in part, at any time prior to the 30th day following the Closing Date.