Royal Gold Inc.

Published : April 27th, 2015

RGLD Gold (Canada) Inc. Exercises Redemption Call Right to Acquire All Outstanding Exchangeable Shares on June 30, 2015

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Canada | Gold | Market | Precious Metals |

RGLD Gold (Canada) Inc. Exercises Redemption Call Right to Acquire All Outstanding Exchangeable Shares on June 30, 2015

DENVER , April 27, 2015 /CNW/ - ROYAL GOLD , INC. ("Royal Gold" or the "Company") (NASDAQ: RGLD; TSX: RGL) and its wholly-owned subsidiaries RGLD Gold ( Canada ) Inc. ("Callco") and RG Exchangeco Inc. ("Canco") announced today that the directors of Canco have established June 30, 2015 as the redemption date (the "Redemption Date") for the outstanding exchangeable shares in the capital of Canco ("Exchangeable Shares") and Callco has exercised its redemption call right and will acquire all of the outstanding Exchangeable Shares on the Redemption Date.

The Exchangeable Shares were issued in conjunction with the acquisition of International Royalty Corporation by Royal Gold and Canco on February 22 , 2010.  The terms of the Exchangeable Shares permit their redemption on a date to be established by the directors of Canco once there are fewer than 750,000 Exchangeable Shares outstanding (other than shares held by Royal Gold or its affiliates).  As of April 20, 2015 , there were approximately 5,000 Exchangeable Shares outstanding.

On the Redemption Date, holders of Exchangeable Shares will be entitled to receive, for each Exchangeable Share held, one share in the capital stock of Royal Gold plus any declared and unpaid dividends on an Exchangeable Share held by a holder on a dividend record date which occurred prior to the date of the acquisition of such share by Callco.  On and after the Redemption Date, former holders of the Exchangeable Shares will no longer be entitled to exercise any of the rights of holders in respect thereof, other than the entitlement to the foregoing consideration.

A cover letter from Canco providing additional information with respect to the purchase of the Exchangeable Shares, along with a Notice of Exercise of Redemption Call Right and a Letter of Transmittal, will be mailed today to registered holders of the Exchangeable Shares. Copies of such documents will be filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com

Computershare Investor Services Inc. will act as depositary in connection with the purchase of the Exchangeable Shares by Callco.

About Royal Gold , Inc.

Royal Gold is a precious metals royalty and stream company engaged in the acquisition and management of precious metal royalties, streams, and similar production based interests.  The Company owns interests on 193 properties on six continents, including interests on 37 producing mines and 21 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 Company's website is located at www.royalgold.com.

SOURCE Royal Gold , Inc.

Read the rest of the article at finance.yahoo.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Royal Gold Inc.

PRODUCER
CODE : RGLD
ISIN : US7802871084
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Royal Gold is based in United states of america.

Royal Gold produces gold, copper, lead, silver and zinc in Argentina, in Bolivia, in Burkina Faso, in Canada, in Chile, in Guinea, in Mexico, in Nicaragua and in USA, develops copper, gold, lead, silver and zinc in Australia, in Burkina Faso, in Canada and in Chile, and holds various exploration projects in Argentina, in Bulgaria, in Canada and in Finland.

Its main assets in production are BALD MOUNTAIN in USA, LIMON, LEEVILLE MINING COMPLEX and GOLDSTRIKE OPEN PIT in Nicaragua, DON MARIO (CERRO PELADO) and ROBINSON (NEVADA) in Bolivia, EL CHANATE, PEÑASQUITO, WHARF, MARIGOLD, DOLORES MINE, MULATOS MINE -ESTRELLA and GOLDSTRIKE UNDERGROUND in Mexico, SIGUIRI in Guinea, TAPARKO in Burkina Faso, MARTHA MINE in Argentina, ANDACOLLO HYPOGENE, TOQUI and ANDACOLLO in Chile and WILLIAMS, TWIN CREEKS, PIPELINE MINING COMPLEX and TROY in Canada, its main assets in development are GOLD HILL and PASCUA LAMA in Chile, HOLT MINE & MILL and PINE COVE (MINGS BIGHT) in Canada, BALCOOMA in Australia and BOUROUM in Burkina Faso and its main exploration properties are CANADIAN MALARTIC (QUEBEC), GOLDSTRIPE WILLA, MANHATTAN (WHITE CAPS) and CAMP BIRD MINE in Canada.

Royal Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 9.1 billions as of today (€ 8.2 billions).

Its stock quote reached its lowest recent point on February 28, 1992 at US$ 0.03, and its highest recent level on September 18, 2024 at US$ 139.14.

Royal Gold has 65 455 293 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Royal Gold Inc.
2/2/2011Royal Gold Amends its Revolving Credit Facility and Term Loa...
Nominations of Royal Gold Inc.
6/20/2011Royal Gold Announces Election of Gordon J. Bogden to Fill Ne...
Financials of Royal Gold Inc.
5/25/2016Royal Gold Announces Third Quarter Dividend
4/5/2016Royal Gold Provides Update on Its Fiscal 2016 Third Quarter
11/5/2015Royal Gold Reports Financial Results, Record Volume and Four...
8/6/2015Royal Gold Reports Record Operating Cash Flow for Fiscal 201...
2/2/2012Royal Gold Reports Record Revenue and Net Income for Second ...
1/10/2012News Release
8/11/2011Results for Fourth Quarter and Fiscal Year 2011
7/11/2011Royal Gold Announces Fiscal 2011 Fourth Quarter
5/5/2011 Royal Gold Announces Reserve Increases and Production Forec...
5/5/2011Royal Gold Reports Strong Financial Results for Third Quart...
2/3/2011Record Revenue and Free Cash Flow for Second Quarter Fiscal ...
11/1/2007Announces First Quarter Fiscal 2008 Results
Project news of Royal Gold Inc.
4/28/2016Royal Gold Announces 21% Increase in Attributable Reserves
4/27/2016Royal Gold Reports a 26% Revenue Increase in Its Third Fisca...
8/5/2015Barrick Gold agrees gold, silver "streaming" deal on Dominic...
7/6/2010(Pascua Lama)Acquires Additional Royalty Interests on the Pascua-Lama Gol...
Corporate news of Royal Gold Inc.
11/16/2016Royal Gold Increases Common Stock Dividend 4.4% to $0.96 per...
1/29/2016Jason Hamlin Says Gold Is Unstoppable, With Miners Leading T...
12/17/2015Comparing the Performance of Pure Gold Versus Diversified Mi...
12/16/2015Five Gold Mining Stocks to Own Now
12/13/2015Hedge Funds Are Betting On Hawaiian Electric Industries, Inc...
11/6/2015Royal Gold trades see end to slide
11/5/20153:04 am Royal Gold misses by $0.12, misses on revs
11/5/2015Royal Gold Reports Financial Results, Record Volume and Four...
11/3/2015Barrick: What Will Drive Increased Recoveries for Pueblo Vie...
10/27/2015How Will Upcoming Economic Data Affect the Fed and Gold?
10/1/2015Royal Gold Announces Fiscal 2016 First Quarter Earnings Call
9/30/2015Barrick Closes Gold & Silver Streaming Deal with Royal Gold
9/29/2015Royal Gold Announces Closing of Pueblo Viejo Stream Transact...
9/29/20155:04 pm Royal Gold announces closing of Pueblo Viejo steam t...
9/23/2015Dried-Up Gold Volume prior to the FOMC Policy-Setting Meetin...
9/18/2015Top Analyst Upgrades and Downgrades: Aetna, Eli Lilly, Gilea...
9/4/2015Are Central Banks Hoarding Gold Reserves?
8/10/201510-K for Royal Gold, Inc.
8/7/2015Barrick Gold (ABX) Sets Out Plans for $900 Gold Scenario - A...
8/6/2015Edited Transcript of RGLD earnings conference call or presen...
8/6/20153:54 am Royal Gold misses by $0.05, misses on revs
8/5/2015Royal Gold Announces Agreement to Acquire Gold and Silver St...
8/5/2015Should You Buy Royal Gold (RGLD) Ahead of Earnings? - Tale o...
7/29/2015Golden Star successfully closes Royal Gold Financing
7/27/2015Strike Gold With These 3 Gold Miners - Earnings ESP
7/24/2015Why Are Gold Prices on a Free Fall?
7/23/2015Royal Gold Provides Operational and Transaction Update
7/22/2015Royal Gold Enters into $175M Agreement with New Gold - Analy...
7/21/2015Royal Gold (RGLD) Crumbles: Stock Falls by 9.9% - Tale of th...
7/20/2015Roth Capital: New Gold Still Worth $3.25 Following Financing...
7/9/2015Royal Gold Acquires Gold Stream on Teck’s Carmen de Andacoll...
7/9/2015Teck Announces Carmen de Andacollo Gold Stream
7/9/20154:31 pm Royal Gold enters into a $525 mln gold offtake agree...
7/6/2015Shanghai Gold Exchange Withdrawals Point to Strong Chinese D...
5/5/201510-Q for Royal Gold, Inc.
4/23/2015Chinese and Indian Gold Buying: At the Peak since January 20...
4/20/2015Royal Gold (RGLD) Issues Update on Mt. Milligan Mine - Analy...
4/20/2015Key Indicators Impacting Gold Price Performance
4/9/2015Bear of the Day: Royal Gold (RGLD) - Bear of the Day
3/31/2015Royal Gold Announces Fiscal 2015 Third Quarter Earnings Call
3/11/2015Strong dollar drives gold prices lower: Will it break the ch...
3/9/2015Euromax Announces Closing of Royal Gold Transaction
2/1/201510-Q for Royal Gold, Inc.
11/14/201310Q 1Q 2014 link attached
9/17/20134th Quarter Dividend Release
8/8/2013News Release
7/8/2013News Release
3/26/2013News Release
3/14/2013News Release
1/31/2013News Release
1/7/2013News Release
10/11/2012News Release
10/10/2012News Release
9/4/2012News Release
8/13/2012Announces Completion of Additional Gold Stream Interest at M...
6/20/2012Announces Closing of 2.875% Convertible Senior Notes Offerin...
6/13/2012News Release
5/3/2012News Release
5/3/2012News Release
3/14/2012Announces Second Quarter Dividend
1/10/2012Announces 4,000,000 Share Common Stock Offering
12/15/2011News Release
5/26/2011Royal Gold Announces Third Quarter Dividend
2/28/2011 Announces Second Quarter Dividend of $ 0,11
6/4/2010Announces Substantial Reserve Increases and Production Forec...
11/5/2007Announces Commencement of Public Offering of Mandatory Conve...
10/31/2007Acquires Benso Royalty from Fairwest Energy Corporation
7/31/2007Royal Gold and Battle Mountain Amend Definitive Merger Agree...
5/3/2007The Closing of the Over-Allotment Associated with its Public...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
NASDAQ (RGLD)FRANKFURT (RG3.F)
139.14-0.80%125.60+0.04%
NASDAQ
US$ 139.14
09/18 17:00 -1.12
-0.8%
Prev close Open
140.26 140.48
Low High
138.90 144.39
Year l/h YTD var.
101.30 -  143.19 16.13%
52 week l/h 52 week var.
101.30 -  143.19 22.01%
Volume 1 month var.
286,349 0.811%
24hGold TrendPower© : 25
Produces Copper - Gold - Lead - Silver - Zinc
Develops Copper - Gold - Lead - Silver - Zinc
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/24/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202415.03%143.29100.55
20237.31%147.80101.82
20228.50%99.97100.22
2021-2.32%99.93100.27
2020-12.40%99.33100.07
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.08+0.50%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 8.91-2.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-3.26%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.06+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 12.67+0.88%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.34+6.25%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.19+2.70%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 1.77-2.21%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 40.37-0.22%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.