Royal Gold (Nasdaq:RGLD) said today it has closed its public offering of 5,980,000 shares of common stock.
The public 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. The offering was priced at $48.50, and proceeds to the Company from the offering, net of commission and expenses, are estimated to be about $276.4 million.
Joint book-runners for the offering were Goldman Sachs (NYSE:GS) and HBSB Securities. HSBC was also the global coordinator for the offering.
Royal Gold has stated they will use the capital for the funding of acquisitions for additional royalty interests, paying down its debt, and other general corporate purposes.
No comments:
Post a Comment