Royal Gold Announces Pricing of Common Stock Offering

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[{"type":"text","content":"\n\n\n\nDENVER, April 7 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL)\nannounced today the pricing of its public offering of common stock pursuant to\nthe Company's shelf registration statement filed with the Securities and\nExchange Commission and a shelf prospectus filed with certain Canadian\nsecurities regulatory authorities. The Company has agreed to sell 6,500,000\nshares at a price of $38.00 per share. The Company has granted the\nunderwriters a 30-day option to purchase up to 975,000 additional shares of\ncommon stock to cover over-allotments, if any. Proceeds to the Company from\nthe offering, net of commission and expenses, are expected to be approximately\n$235.3 million (assuming the underwriters' over-allotment option is not\nexercised). The offering will close on Tuesday, April 14, 2009.\n\n\n\n\n\nRoyal Gold is acquiring a 75% interest in the gold production at the\nAndacollo mine, located in Chile, with a subsidiary of Teck Cominco. The\ntransaction was announced on April 6, 2009. The stock portion of the\nconsideration for the Andacollo transaction will be decreased by 50% of the\nshares sold in the offering and 50% of the net proceeds from the offering will\nbe used to increase the cash portion of the consideration. The remaining net\nproceeds will be used to fund future acquisitions and for general corporate\npurposes. The Andacollo transaction is subject to closing conditions, and\nthere is no assurance that the transaction will close on time or at all.\n\n\n\n\n\nHSBC Securities (USA) Inc. is the global coordinator and is acting as\njoint book-runner for the offering with Goldman, Sachs & Co. and Scotia\nCapital (USA) Inc. Merrill Lynch & Co. and NBF Securities (USA) Corp. are\nco-managers for the offering.\n\n\n\n\n\nCopies of the final prospectus supplement and the base shelf prospectus\nrelating to the offering may be obtained either by contacting any of the\nfollowing underwriters or by accessing the Securities and Exchange\nCommission's 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...

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