Royal Gold, Inc. (NASDAQ:RGLD) and International Royalty corporation (TSX:IRC) has announced that they have obtained an Interim Order from the Ontario Superior Court of Justice for the approval of the calling, holding, and conducting of a special meeting of the IRC shareholders. The meeting will be held to consider the Plan of Arrangement between Royal Gold and IRC announced on December 18, 2009. Royal Gold is to acquire all issued and outstanding common shares of IRC.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
International Royalty is a mineral royalty company. The IRC holds 84 royalties which include an effective 2.7% NSR on the Voisey’s Bay mine. The Voisey’s Bay mine is a sliding scale NSR on the Chilean portion of the Pscua-Lama project. The company is senior listed on the Toronto Stock Exchange (TSX:IRC), and the NYSE Amex (NYSE-A:ROY).
Royal Gold, Inc. (Royal Gold), together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties. The Company focuses to acquire existing royalties or to finance projects that are in production or in development stage in exchange for royalty interests. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company received royalty revenue from 23 producing properties. In addition, it owns royalty interests on 10 development-stage properties and over 80 exploration-stage properties, of which the Company considers 25 to be evaluation-stage projects. Royal Gold does not conduct mining operations. On October 1, 2008, the Company completed the acquisition of 72 royalties from Barrick Gold Corporation (Barrick), including a restructuring of the Company’s gross smelter return 2 (GSR2), GSR3 and net value royalty 1 (NVR1) royalties.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
