Royal Gold Announces Closing of Common Stock Offering
Royal Gold, Inc. (NASDAQ:RGLD)(TSX:RGL) announced today the
closing of its public offering of 5,980,000 shares of common stock,
including 780,000 shares of common stock pursuant to the exercise of the
underwriters′ over-allotment option. The public offering was made
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 offering was
priced at $48.50, and proceeds to the Company from the offering, net of
commission and expenses, are expected to be approximately $276.4 million.
Royal Gold intends to use the net proceeds from the offering for general
corporate purposes, including to repay debt and to fund acquisitions of
additional royalty interests.
HSBC Securities (USA) Inc. acted as the global coordinator and as the
joint book-runner for the offering with Goldman, Sachs & Co. and Scotia
Capital (USA) Inc. Co-managers for the offering were NBF Securities
(USA) Corp., CIBC World Markets Inc., RBC Dominion Securities Inc. and
UBS Securities LLC.
Copies of the final prospectus supplement and the base shelf prospectus
relating to the offering may be obtained either by contacting any of the
following underwriters or by accessing the Securities and Exchange
Commission′s website, www.sec.gov:
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Copies of the final Canadian MJDS prospectus supplement and the shelf
prospectus relating to the offering may be obtained by either contacting
the following underwriters or by accessing the System for Electronic
Document Analysis and Retrieval (SEDAR) established by the Canadian
Securities Administrators:
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This news release and the prospectus obtained from the website
established by the Canadian Securities Administrators, www.sedar.com,
as the case may be, 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 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 final prospectus
supplement has been 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.
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 the
use of proceeds from the offering. Factors that could cause actual
results to differ materially from projections or estimates include,
among others, precious metals prices, economic and market conditions,
and other factors described in the Company′s 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
Karen Gross, 303-575-6504
Vice President and
Corporate Secretary