Royal GOLD Mining Inc. Closes Placement
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ROYAL GOLD MINING INC.
Suite 701 - 595 Howe Street
Vancouver, BC V6C 2T5
ROYAL GOLD MINING INC. CLOSES PLACEMENT
Vancouver, BC, August 8, 2019 – Royal Gold Mining Inc. (ROYL:TSXV) (the “Company” or
“Royal”) has, effective August 7, 2019 issued 4,000,000 units at a deemed price of nine cents per
unit, for gross 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
directors of the Company have, in the aggregate subscribed for 1,000,000 of the Private
Placement units. All securties have been legended with an expiry of December 8, 2019.
A finder's fee of $922.50 representing 1% cash and 102,500 warrants (reprssenting 10% of the
number of sunscribed units) exercisable at $0.25 per share for a period of 12 month, was issued
to a brokerage firm in connection with a portion of the placement . All securities issued in
connection with the private placement are subject to a four -month hold period from the date of
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 utilized to finance outsta nding 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
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 perfor mance
and involve risks and uncertainties that are difficult to control or predict. Therefore, actual
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outcomes and results may differ materially from those expressed in these forward -looking
statements and readers should not place undue reliance on such st atements. 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.