Royal Gold Announces Common Stock Offering
Royal Gold, Inc. (NASDAQ: RGLD) (TSX: RGL) announced today that
it intends to offer 6.5 million shares of its common stock pursuant to
the Company′s shelf registration statement filed with the Securities and
Exchange Commission and a shelf prospectus filed with certain Canadian
Securities regulatory authorities. The Company has granted the
underwriters a 30-day option to purchase up to 975,000 additional shares
of common stock to cover over-allotments, if any.
Royal Gold intends to use the net proceeds of this offering for general
corporate purposes, including to repay debt and to fund acquisitions of
additional royalty interests.
HSBC Securities (USA) Inc. is acting as the global coordinator and as
the joint book-runner for the offering with Goldman, Sachs & Co. and
Scotia Capital (USA) Inc.
This offering may be made only by means of a prospectus and a prospectus
supplement. Once filed, copies of the preliminary prospectus supplement
and the base shelf prospectus relating to the offering may be obtained
by either contacting the following underwriters or by accessing the
Securities and Exchange Commission website, www.sec.gov:
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In Canada, a copy of the prospectus and prospectus supplement may be
obtained from:
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This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which the offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. The securities
being offered have not been approved or disapproved by any regulatory
authority, nor has any such authority passed upon the accuracy or
adequacy of the prospectus supplement, the prospectus or the Company′s
shelf registration statement. A registration statement relating to the
securities has been filed with the Securities and Exchange Commission
and became effective upon filing. A preliminary prospectus supplement
relating to the offering has been filed with the Securities and Exchange
Commission. A shelf prospectus has been filed with the securities
regulatory authorities in certain provinces in Canada and a preliminary
prospectus supplement will be filed with such regulatory authorities.
CORPORATE PROFILE
Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalty interests. The
Company owns royalties on 189 properties on sixcontinents,
including royalties on 32 producing mines and 24 development stage
projects. Royal Gold is publicly traded on the NASDAQ Global Select
Market under the symbol 'RGLD' and on the Toronto Stock Exchange under
the symbol 'RGL.' The Company's website is located at www.royalgold.com.
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Cautionary 'Safe Harbor? Statement Under the Private Securities
Litigation Reform Act of 1995: With the exception of historical matters,
the matters discussed in this press release include forward-looking
statements that involve risks and uncertainties that could cause actual
results to differ materially from projections or estimates contained
herein. Such forward-looking statements include statements regarding
future sales of common stock and the use of proceeds
from such sales. Factors that could cause actual results to differ
materially from projections or estimates include, among others, precious
metals prices, economic and market conditions, as well as other factors
described in our Annual Report on Form 10-K, and other filings with the
Securities and Exchange Commission. Most of these factors are beyond the
Company′s ability to predict or control. The Company disclaims any
obligation to update any forward-looking statement made herein. Readers
are cautioned not to put undue reliance on forward-looking statements.
Royal Gold, Inc.
Karen Gross, 303-573-6504
Vice President and
Corporate Secretary