Royal Gold RGLD 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.
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