DENVER, Aug. 21
/PRNewswire-FirstCall/ -- ROYAL GOLD, INC. (Nasdaq: RGLD; Toronto:
RGL), the world's leading precious metals royalty company, today
announced that it has acquired from Taranis Resources Inc., under a
private placement, 100,000 common shares of Taranis and warrants
exercisable to purchase up to 50,000 Taranis common shares at $0.49 (Cdn$0.55) per share expiring one year after closing.
Previously, on November 4, 2005, Royal Gold
had acquired from Taranis, under a private placement, 937,500 common
shares of Taranis and warrants exercisable to purchase up to 468,750
Taranis common shares at $0.49 (Cdn$0.55) per share, expiring in November 2007. Additionally, due to the position of Stanley Dempsey as a board member of both Royal Gold and Taranis, Royal Gold can be considered to control options exercisable for 100,000 Taranis common shares.
Royal Gold now owns 1,037,500 common
shares and has the direct or indirect right to acquire a total of
618,750 common shares such that, if Royal Gold
exercised its rights and there was no other dilution, its holdings
would represent 13.10% of the Taranis issued and outstanding common
shares.
Royal Gold entered into a strategic alliance with Taranis in November 2005 to pursue exploration opportunities in Finland. Royal Gold does not have any intention to acquire control of Taranis.
Royal Gold, Inc. is a precious metals royalty company engaging in the acquisition and management of precious metals royalty interests. Royal Gold is publicly traded on NASDAQ (Global Select market), under the symbol "RGLD", and on the Toronto Stock Exchange under the symbol "RGL". The Company's web page is located at www.royalgold.com.
SOURCE Royal Gold, Inc.
For further information: Karen Gross, Vice President & Corporate Secretary of Royal Gold, Inc., +1-303-573-1660
Aug 21, 2006