03:50 PM EST - Royal Gold Inc. : announced that it has closed its public offering of 5.98 million shares of common stock, including 780,000 shares of common stock pursuant to the exercise of the underwriters' over-allotment option. The offering was priced at $48.50, and proceeds to the Company from the offering, net of commission and expenses, are expected to be about $276.4 million. The company said that it intends to use the net proceeds from the offering for general corporate purposes, including to repay debt and to fund acquisitions of additional royalty interests. Royal Gold Inc.
shares T.RGL are trading down $0.55 at $51.00.
