This morning Mariana Resources (MARL.l) announced a $5m placement and according to the proactive investors report it was with, “An as yet unidentified ‘North American royalty company’”.
IKN can reveal that according to well-placed sources the major taker was Sandstorm (SAND) (SSL.to), with a minor take from affiliates of Sprott Inc (i.e. the US end of the Sprott empire). Not surprising really, SAND has a NSR on Hot Maden and the Sprotties have already been vocal supporters of this deposit and its potential.
So now you know.