Business
Royal Gold Announces Pricing of Public Offering of Common Stock
Royal Gold Announces Pricing of Public Offering of Common Stock.
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\nDENVER, April 3 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; Toronto: RGL)\nannounced today the pricing of an underwritten public offering of 4,000,000\nshares of its common stock pursuant to the Company's existing effective shelf\nregistration statement filed on Form S-3. The offering was priced at $29.25\nper share, and proceeds to the Company from the offering, net of commission\nand expenses, are expected to be approximately $110.9 million.\n\n\nHSBC Securities (USA) Inc. was the sole global coordinator for the\noffering and acted as joint book runner with Merrill Lynch, Pierce, Fenner &\nSmith Incorporated. JP Morgan, National Bank Financial, and UBS Investment\nBank acted as co-managers. The Company has granted the underwriters an option\nto purchase up to 600,000 additional shares to cover over-allotments in the\noffering.\n\n\nThe net proceeds of this offering are intended to repay the outstanding\nbalance under the Company's revolving credit facility with HSBC Bank USA,\nNational Association, to fund the acquisition and financing of additional\nroyalty interests and for general corporate purposes.\n\n\nA registration statement relating to these securities has been filed with\nand declared effective by the Securities and Exchange Commission. A final\nprospectus supplement and related prospectus relating to the offering may be\nobtained from HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY\n10018, Attn: Equity Syndicate Desk, and from Merrill Lynch, Pierce, Fenner &\nSmith Incorporated, 4 World Financial Center, New York, New York 10080, Attn:\nProspectus Department.\n\n\nThis communication shall not constitute an offer to sell or the\nsolicitation of an offer to buy, nor shall there be any sale of these\nsecurities in any state in which the offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nthat state.\n\n\nRoyal Gold is a precious metals royalty company engaging in the\nacquisition and management of precious metal royalty interests. Royal Gold is\npublicly traded on the NASDAQ Global Select Market under the symbol "RGLD,"\nand on the Toronto Stock Exchange under the symbol "RGL." The Company's web\npage is located at www.royalgold.com.\n\n\n","length":2336,"tagName":"div"}]