Royal Gold, Inc. (NASDAQ:RGLD; TSX:RGL) announced today that it has agreed to sell 5.25 million shares of common stock of Royal Gold to a group of underwriters led by Goldman, Sachs & Co. in an underwritten at-the-market public offering. To the extent the underwriters sell more than 5.25 million shares, the underwriters will have the option to purchase up to 750,000 additional shares from Royal Gold. The last reported sale price of Royal Gold’s common stock on the NASDAQ Global Select Market on October 9, 2012 was $94.16 per share. The offering is expected to close on October 15, 2012, subject to customary closing conditions. Goldman, Sachs & Co. is acting as the sole book-running manager for the offering, and HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. are acting as lead managers.
Royal Gold intends to use the net proceeds of this offering for the acquisition of additional royalty or similar interests and for general corporate purposes.
The offering will be made pursuant to the Company’s effective shelf registration statement filed with the Securities and Exchange Commission and a shelf prospectus filed with Canadian securities regulatory authorities in all provinces other than Quebec under the Multijurisdictional Disclosure System (“MJDS”). A preliminary prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission. A shelf prospectus has been filed with the securities regulatory authorities in Canadian Provinces other than Quebec and a preliminary prospectus supplement will be filed with such regulatory authorities under the MJDS. Once filed, copies of the preliminary 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.New York, NY 10282-2198Phone: 212-902-1171 orToll-free: 866-471-2526Fax: 212-902-9316Email: Prospectusemail@example.comIn Canada, a copy of the prospectus and prospectus supplement 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.