International Royalty Obtains Interim Order For Plan Of Arrangement With
Royal Gold
NYSE-A: ROYTSX: IRC
Pursuant to the Arrangement, each holder of IRC common shares will have the right to elect to receive, in exchange for each IRC share, up to either C$7.45 in cash or 0.1385 common shares of
IRC shareholders who are Canadian residents will also have the option to elect to receive up to 0.1385 exchangeable shares of a wholly-owned Canadian subsidiary of
The interim order, among other things, authorizes IRC to call and hold a special meeting of IRC shareholders and optionholders to consider the Arrangement with
In connection with the special meeting, IRC is mailing a detailed management proxy circular to its shareholders and optionholders this week. The IRC board has passed a resolution approving the circular for printing and distribution. The circular will include the unanimous recommendation of IRC's board that shareholders vote for the Arrangement with
International Royalty Corporation
IRC is a global mineral royalty company. IRC holds 85 royalties including an effective 2.7% NSR on the Voisey's Bay mine, a sliding scale NSR on the Chilean portion of the Pascua-Lama project, a 1.5% NSR on the Las Cruces project and a 1.5% NSR on approximately 3.0 million acres of gold lands in Western
On behalf of the Board of Directors,
INTERNATIONAL ROYALTY CORPORATION
Douglas B. Silver Chairman and CEO
Cautionary Statement Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words or phrases such as "plans", "expects", "anticipates", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", or "does not anticipate", or "believes" or variations of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements inherently involve unknown risks, uncertainties, assumptions and other factors well beyond IRC's ability to control or predict. Actual results and developments may differ materially from those contemplated by such forward-looking statements depending on certain factors. IRC's forward-looking statements in this release are based on certain assumptions. Any forward-looking statements included in this release represent IRC's views as of the date of this release. While IRC anticipates that subsequent events and developments may cause IRC's views to change, IRC specifically disclaims any obligation to update these forward-looking statements unless required by law. These forward-looking statements should not be relied upon as representing IRC's views as of any date subsequent to the date of this release. Accordingly, readers should not place undue reliance on any forward-looking statements.
For further information: Jack Perkins, Director of Investor Relations, (303) 991-9500; Douglas B. Silver, Chairman and CEO, (303) 799-9020; [email protected]; www.internationalroyalty.com; Renmark Financial Communications Inc.: Barbara Komorowski, [email protected], (514) 939-3989, Fax: 514-939-3717; www.renmarkfinancial.com
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