Colossus Minerals Inc. emerged from its bankruptcy on April 30, 2014. Under the Plan, the existing common shares of Colossus were consolidated on the basis of 200 to 1 and new common shares and new warrants were issued to creditors of the Company on the basis of one New Common Share for 30% of every one Canadian dollar claim and one New Warrant for 30% of every two Canadian dollars claimed. The Creditors of the Company included, but are not limited to, the former holders of Colossus Convertible Gold Linked Notes, Sandstorm Gold Ltd. and Sandstorm Metals & Energy Ltd. The Plan effectively converted all of the Company's outstanding debt, along with extinguishing Sandstorm's metal stream, into equity of the Company.

Post-implementation, the Company has 52.6 million common shares outstanding, and a $4 million senior convertible note outstanding.