Royalty North appoints Sandstorm CEO as chair

TSX-V-listed junior Royalty North Partners' stocks surged on Friday after the company late Thursday announced the appointment of royalty streaming firm Sandstorm Gold president and CEO Nolan Watson as chairperson of the board. The stock rose by 50% on Friday as Watson, who had helped to develop the royalty financing business model for over a decade, was added to the board. He had been credited with raising more than $1.5-billion in capital to deploy into many royalty transactions, the company advised.