Business
Royal Gold Announces the Closing of the Over-Allotment Associated With Its Public Offering of Common Stock
Royal Gold Announces the Closing of the Over-Allotment Associated With Its Public Offering of Common Stock.
About this update from Red Lake Gold Inc
[{"type":"text","content":"\n\n\n\nDENVER, May 3 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; Toronto: RGL)\nannounced today that it has closed the sale of 400,064 shares of its common\nstock in connection with the exercise of the over-allotment option granted to\nthe underwriters associated with the Company's previously announced\nunderwritten public offering of 4,000,000 shares of its common stock.\n\n\nThe offering was conducted pursuant to the Company's existing effective\nshelf registration filed on Form S-3 with the U.S. Securities and Exchange\nCommission. The offering was priced at $29.25 per share, and proceeds to the\nCompany from the offering and the exercise of the over-allotment, net of\ncommission and expenses, is approximately $122 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 net proceeds of this offering were used to\nrepay the outstanding balance under the Company's revolving credit facility\nwith HSBC Bank USA, National Association, and will be used to fund the\nacquisition and financing of additional royalty interests, and for general\ncorporate 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 National Market System under the symbol "RGLD,"\nand on the Toronto Stock Exchange under the symbo...