Royal Gold Announces Closing of Common Stock Offering
Royal Gold, Inc. (NASDAQ:RGLD) (TSX:RGL) announced today that is
has sold 4.0 million shares of Royal Gold common stock to Goldman, Sachs
& Co. in an underwritten at-the-market public offering. The 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. Proceeds to the
Company from the offering are expected to be $268.4 million before
expenses. Goldman, Sachs & Co. acted as the sole underwriter for the
offering.
Royal Gold intends to use the net proceeds of this offering for the
acquisition of additional royalty or similar interests, to fund near
term obligations resulting from the Milligan II acquisition, and to
repay debt, including debt incurred to find the acquisition of an
additional property interest in the gold production of the Mt. Milligan
project in December 2011.
Copies of the final prospectus supplement and the base shelf prospectus
relating to the offering may be obtained by either contacting the
following underwriter or by accessing the Securities and Exchange
Commission website, www.sec.gov:
Goldman, Sachs & Co.
Attn: Prospectus Dept.
200 West St.
New
York, NY 10282-2198
Phone: 212-902-1171 or
Toll free:
866-471-2526
Fax: 212-902-9316
Email: Prospectus-ny@ny.email.gs.com
Copies of the final Canadian MJDS prospectus supplement and the shelf
prospectus relating to the offering may be obtained by either contacting
the above underwriter or by accessing the SEDAR website at www.sedar.com.
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.
CORPORATE PROFILE
Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalty interests. The
Company′s portfolio consists of 188 properties on sixcontinents,
including interests on 38 producing mines and 22 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.'
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