DENVER, April 3 /CNW/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; Toronto: RGL)
announced today the pricing of an underwritten public offering of 4,000,000
shares of its common stock pursuant to the Company's existing effective shelf
registration statement filed on Form S-3. The offering was priced at $29.25
per share, and proceeds to the Company from the offering, net of commission
and expenses, are expected to be approximately $110.9 million.
HSBC Securities (USA) Inc. was the sole global coordinator for the
offering and acted as joint book runner with Merrill Lynch, Pierce, Fenner &
Smith Incorporated. JP Morgan, National Bank Financial, and UBS Investment
Bank acted as co-managers. The Company has granted the underwriters an option
to purchase up to 600,000 additional shares to cover over-allotments in the
The net proceeds of this offering are intended to repay the outstanding
balance under the Company's revolving credit facility with HSBC Bank USA,
National Association, to fund the acquisition and financing of additional
royalty interests and for general corporate purposes.
A registration statement relating to these securities has been filed with
and declared effective by the Securities and Exchange Commission. A final
prospectus supplement and related prospectus relating to the offering may be
obtained from HSBC Securities (USA) Inc., 452 Fifth Avenue, New York, NY
10018, Attn: Equity Syndicate Desk, and from Merrill Lynch, Pierce, Fenner &
Smith Incorporated, 4 World Financial Center, New York, New York 10080, Attn:
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
Royal Gold is a precious metals royalty company engaging in the
acquisition and management of precious metal royalty interests. Royal Gold is
publicly traded on the NASDAQ Global Select Market under the symbol "RGLD,"
and on the Toronto Stock Exchange under the symbol "RGL." The Company's web
page is located at www.royalgold.com.
For further information:
For further information: Karen Gross, Vice President & Corporate
Secretary of Royal Gold, Inc., +1-303-573-1660 Web Site: