Business
Royal Gold Announces Common Stock Offering
DENVER, April 6 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), a leading precious metals roy...
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\nDENVER, April 6 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), a\nleading precious metals royalty company, announced today that it intends to\noffer 6.5 million shares of its common stock pursuant to the Company's shelf\nregistration statement filed with the Securities and Exchange Commission and a\nshelf prospectus filed with certain Canadian Securities regulatory\nauthorities. The Company has granted the underwriters a 30-day option to\npurchase up to 975,000 additional shares of common stock to cover\nover-allotments, if any.\n\n\n\n\n\nRoyal Gold will use a portion of the net proceeds of this offering to\nfund the Andacollo transaction that was announced today. Pursuant to the\nacquisition agreement, the initial cash portion of the purchase price of $100\nmillion will be increased by 50% of the net proceeds from this offering, and\nthe initial stock portion of the purchase price of 4,454,136 shares will be\ndecreased by 50% of the shares sold in this offering. The remaining net\nproceeds will be used to fund future acquisitions and for general corporate\npurposes. Further description is available in the prospectus supplement for\nthis offering.\n\n\n\n\n\nHSBC Securities (USA) Inc. is the global coordinator and acting as joint\nbook-runner with Goldman, Sachs & Co. and Scotia Capital (USA) Inc. Merrill\nLynch & Co. and NBF Securities (USA) Corp. are acting as co-managers.\n\n\n\n\n\nThis offering may be made only by means of a prospectus and a prospectus\nsupplement. Once filed, copies of the preliminary prospectus supplement and\nthe base shelf prospectus relating to the offering may be obtained by either\ncontacting the following underwriters or by accessing the Securities and\nExchange Commission website, www.sec.gov:\n\n\n\n\n\nHSBC Securities (USA) Inc.\nAttn: Prospectus Dept.\n452 Fifth Avenue\nNew York, NY 10018\nPhone: 212-525-0860\nFax: 646-366-3165\nEmail: [email protected]\n\n\nGoldman, Sachs & Co.\nAttn: Prospectus Dept.\n85 Broad Street\nNew York, NY 10004\nPhone: 212-902-1171 or\nToll free: 866-471-2526\nFax: 212-902-9316\nEmail: [email protected]\n\n\nScotia Capital (USA) Inc.\nAttn: Equity Capital Markets\nOne Liberty Plaza, 25th Floor\nNew York, NY 10006\nPhone: 212-225-6853\nFax: 212-225-6852\nEmail: [email protected]\n\n\n\nIn Canada, a copy o...