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Mariana Resources (MARL.L) placement; Sandstorm (SAND) and Sprott US the big takers

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) (, 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.