Royal Gold, Inc. (NASDAQ:RGLD) (TSX:RGL) announced today that it
has sold 5.25 million shares of Royal Gold common stock to a group of
underwriters led by Goldman, Sachs & Co. in an underwritten
at-the-market public offering. The offering was made pursuant to the
Company’s shelf registration statement filed with the Securities and
Exchange Commission and a shelf prospectus filed with certain Canadian
securities regulatory authorities. Proceeds to the Company from the
offering are expected to be $472.5 million before expenses. Goldman,
Sachs & Co. acted as the sole book-running manager for the offering, and
HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. acted as lead
Royal Gold intends to use the net proceeds of this offering for the
acquisition of additional royalty or similar interests and general
Copies of the final prospectus supplement and the base shelf prospectus
relating to the offering may be obtained by either contacting the
following underwriter or by accessing the Securities and Exchange
Commission website, www.sec.gov:
Goldman, Sachs & Co.
Attn: Prospectus Dept.
200 West St.
York, NY 10282-2198
Phone: 212-902-1171 or
Copies of the final Canadian MJDS prospectus supplement and the shelf
prospectus relating to the offering may be obtained by either contacting
the above underwriter or by accessing the SEDAR website at www.sedar.com.
This news release 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 or jurisdiction in which the offer, solicitation
or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction. The securities
being offered have not been approved or disapproved by any regulatory
authority, nor has any such authority passed upon the accuracy or
adequacy of the prospectus supplement, the prospectus or the Company’s
shelf registration statement.
Royal Gold is a precious metals royalty company engaged in the
acquisition and management of precious metal royalties and similar
interests. As of June 30, 2012, the Company’s portfolio consists of 193
properties on six
continents, including interests on 39 producing
mines and 26 development stage projects. 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."
Cautionary "Safe Harbor” Statement Under the Private Securities
Litigation Reform Act of 1995: With the exception of historical matters,
the matters discussed in this press release include forward-looking
statements that involve risks and uncertainties that could cause actual
results to differ materially from projections or estimates contained
herein. Such forward-looking statements include statements regarding the
use of proceeds from the offering. Factors that could cause actual
results to differ materially from projections or estimates include,
among others, precious metals prices, economic and market conditions,
and other factors described in the Company’s Annual Report on Form 10-K,
and other filings with the Securities and Exchange Commission. Most of
these factors are beyond the Company’s ability to predict or control.
The Company disclaims any obligation to update any forward-looking
statement made herein. Readers are cautioned not to put undue reliance
on forward-looking statements.