Business
Royal Gold Announces the Closing of Its Public Offering of Common Stock
DENVER, April 14 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), a leading precious metals ro...
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\nDENVER, April 14 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; TSX: RGL), a\nleading precious metals royalty company, announced today the closing of its\npublic offering of common stock pursuant to the Company's shelf registration\nstatement filed with the Securities and Exchange Commission and a shelf\nprospectus filed with certain Canadian securities regulatory authorities. The\nCompany sold 6,500,000 shares of common stock at a price of $38.00 per share\nand has granted the underwriters a 30-day option to purchase up to 975,000\nadditional shares of common stock to cover over-allotments, if any. The\nover-allotment period ends May 14, 2009. Proceeds to the Company from the\noffering, net of commission and expenses, are expected to be approximately\n$235.3 million, assuming the underwriters' over-allotment option is not\nexercised.\n\n\n\n\n\nThe proceeds from the offering will be used primarily to pay the cash\ncomponent of the Andacollo transaction that was announced on April 6, 2009. \nIf the transaction does not close, the net proceeds will be used for general\ncorporate purposes and to fund future acquisitions.\n\n\n\n\n\nHSBC Securities (USA) Inc. acted as the global coordinator and as the\njoint book-runner for the offering with Goldman, Sachs & Co. and Scotia\nCapital (USA) Inc. Merrill Lynch & Co. and NBF Securities (USA) Corp. were\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\nToll free: 866-811-8049\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\nCopies of the final Canadian MJDS prospectus supplement and the base\nshelf prospectus relating to the...