Attached files
file | filename |
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8-K - FORM 8-K - ROYAL GOLD INC | d70759e8vk.htm |
EX-10.4 - EX-10.4 - ROYAL GOLD INC | d70759exv10w4.htm |
EX-10.3 - EX-10.3 - ROYAL GOLD INC | d70759exv10w3.htm |
EX-10.2 - EX-10.2 - ROYAL GOLD INC | d70759exv10w2.htm |
EX-10.1 - EX-10.1 - ROYAL GOLD INC | d70759exv10w1.htm |
Exhibit 99.1
1660 Wynkoop Street, Suite 1000
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NewsRelease |
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Denver Colorado 80202-1132 |
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Phone: (303) 573-1660 |
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Fax: (303) 595-9385 |
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Email: info@royalgold.com |
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www.royalgold.com |
ROYAL GOLD ENTERS INTO A NEW
$100 MILLION TERM LOAN FACILITY AGREEMENT
$100 MILLION TERM LOAN FACILITY AGREEMENT
DENVER, COLORADO. JANUARY 21, 2010: ROYAL GOLD, INC. (NASDAQ:RGLD; TSX:RGL), a leading
precious metals royalty company, today announced that it has obtained a new $100 million secured
term loan from HSBC Bank USA, National Association, which will be funded in conjunction with the
closing of the Plan of Arrangement between Royal Gold and International Royalty Corporation
(IRC), as announced on December 18, 2009, whereby Royal Gold would acquire all of the issued and outstanding shares
of IRC. HSBC Securities (USA) Inc. acted as Sole Lead Arranger for the loan.
The loan will mature 18 months from the funding date with principal repayments scheduled to
occur every three months. The interest rate on the loan is LIBOR plus 2.25%. Funding under the
$100 million term loan is subject only to delivery of a borrowing notice and certificates by Royal
Gold and certain of its subsidiaries.
Royal Gold is a precious metals royalty company engaged in the acquisition and management of
precious metal royalty interests. The Company owns royalties on 118 properties on six continents,
including royalties on 21 producing mines and 12 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. The Companys website is located at www.royalgold.com.
For further information, please contact:
Karen Gross
Vice President and Corporate Secretary
(303) 575-6504
Vice President and Corporate Secretary
(303) 575-6504
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 are
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 the statement regarding the proposed acquisition of IRC. 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.
***END***