Royal GOLD Mining Inc. Announces Corporate Update
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ROYAL GOLD MINING INC.
Suite 701 - 595 Howe Street
Vancouver, BC V6C 2T5
ROYAL GOLD MINING INC. ANNOUNCES
CORPORATE UPDATE
Vancouver, BC, August 2, 2019 – Royal Gold Mining Inc. (ROYL:TSXV) (the “Company” or
“Royal”) has, effective August 2, 2019 issued 4,017,919 units at a deemed price of nine cents to
settle an aggregate of $361, 613 of corporate indebtedness. Each unit comprises one common
share and one transferable warrant to acquire an additional common share at a price of 15 cents
in the first year and 20 cents in the second year.
In addition, the Company has received subscriptions for an aggregate of 4,000,000 units at a
price of nine cents per unit , for proceeds of $360,000 . Each unit consists of one common share
and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase
one common share at an exercise price of 15 cents in the first year and 20 cents in the second
year. Two d irectors of the Company have, in the aggregate subscribed for 1,000,000 of the
Private Placement units. It is anticipated that this financing will complete on Wednesday, August
7, 2019.
A finder's fee of 1% cash and 10% of the number of units subscribed for by clients of a brokerage
firm, will be paid in warrants exercisable at $0.25 per share for a period of 12 month, in accordance
with the policies of the TSX Venture Exchange. All securities issued in connection with the private
placement are subject to a four -month hold period from the date o f issue under National
Instrument 45-102 and the policies of the TSX-V. The completion of the private placement offering
is subject to receipt of all regulatory approvals, including the approval of the TSX-V.
The net proceeds from the offering will be util ized to finance outstanding liabilities, for general
working capital purposes and to evaluate additional business opportunities that can enhance
shareholder value.
Contact Person: Mr. Glen Macdonald, P.Geo.
Telephone: (604)719-8129
Email: [email protected]
About the Company
The Company maintains its Kirkland’s Creek, Yukon project in good standing ad continues to
evaluate additional resource projects.
ON BEHALF OF THE BOARD
(signed) “Glen Macdonald”
Glen Macdonald
Chief Executive Officer and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
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adequacy or accuracy of this release.
This news release may contain forward-looking statements that are based on Royal Gold Mining
Inc.'s expectations, estimates and projections regarding its business and the economic
environment in which it operates. These statements are not guarantees of future performance
and involve risks and uncertainties that are difficult to control or predict. Therefore, actual
outcomes and results may differ materially from those expressed in these forward -looking
statements and readers should not place undue reliance on such statements. Statements speak
only as of the date on which they are made, and Royal Gold Mining Inc. undertakes no obligation
to update them publicly to reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by law.