IRC announces that it will delist from the NYSE Amex and deregister from the U.S. Securities and Exchange Commission in connecti
February 12 2010 - 4:30PM
PR Newswire (US)
NYSE-A:ROY TSX:IRC DENVER, CO, Feb. 12 /PRNewswire-FirstCall/ --
International Royalty Corporation (NYSE-A: ROY, TSX: IRC) (the
"Company" or "IRC") announced today that it will delist its common
shares ("Common Shares") from the NYSE Amex stock exchange in
connection with the previously announced transaction with Royal
Gold, Inc. (NASDAQ: RGLD; TSX:RGL) ("Royal Gold"), pursuant to
which Royal Gold will acquire, directly or indirectly, by way of a
court-approved plan of arrangement (the "Arrangement"), all of the
issued and outstanding common shares of IRC, which is anticipated
to occur on or about February 22, 2010. Following the delisting of
its Common Shares from the NYSE Amex, which is expected to be
completed on March 5, 2010, IRC will take the necessary steps to
deregister from the U.S. Securities and Exchange Commission and to
cease reporting under the Securities Exchange Act of 1934, as
amended. IRC has provided written notice today to the NYSE Amex of
the anticipated closing date of the Arrangement and requested NYSE
Amex to file a Form 25 "Notification of Removal from Listing and/or
Registration under Section 12(b) of the Securities Exchange Act of
1934" with the SEC within a reasonable time after the Company has
provided evidence of the closing. IRC anticipates that NYSE Amex
will make this filing on or about February 23, 2010 and expects the
filing to be effective on or about March 5, 2010. IRC intends to
file a Form 15 "Certification and Notice of Termination of
Registration under Section 12(g) of the Securities Exchange Act of
1934 or Suspension of Duty to File Reports under Sections 13 and
15(d) of the Securities Exchange Act of 1934" with the SEC in order
to deregister from the SEC. Upon the filing of the Form 15, the
obligation of IRC to file periodic reports with the SEC under the
Exchange Act will be suspended immediately. The deregistration will
be effective 90 days after the filing, unless the Form 15 is
earlier withdrawn by IRC or denied by the SEC. IRC reserves the
right to delay or withdraw the filings of the Forms 25 and 15 for
any reason prior to their effectiveness. The decision by IRC to
seek a delisting of its Common Shares from the NYSE Amex and a
deregistration from the SEC is due to the anticipated closing of
the previously announced Arrangement. IRC has not arranged for the
listing and/or registration of its Common Shares on another
national securities exchange or for quotation of its Common Shares
in any other quotation medium following the delisting from the NYSE
Amex, because it anticipates that Royal Gold will be the sole owner
of all of the equity securities of IRC. 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 Australia. IRC is senior listed on
the Toronto Stock Exchange (TSX:IRC) as well as the NYSE Amex
(NYSE-A:ROY). 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
within the meaning of the United States Private Securities
Litigation Reform Act of 1995, such as statements regarding
delisting of the Company's common shares from NYSE Amex,
deregistering from the U.S. Securities and Exchange Commission and
ceasing reporting under the Securities Exchange Act of 1934. 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, including, without limitation,
the risk that the Arrangement may not be completed or, if the
Arrangement is completed, uncertainties regarding the combinationof
IRC and Royal Gold and the ability to realize growth opportunities.
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.
DATASOURCE: INTERNATIONAL ROYALTY CORPORATION CONTACT: Jack
Perkins, Director of Investor Relations, (303) 991-9500; Douglas B.
Silver, Chairman and CEO, (303) 799-9020, ,
http://www.internationalroyalty.com/; Renmark Financial
Communications Inc.: Barbara Komorowski: , (514) 939-3989, Fax:
(514) 939-3717; http://www.renmarkfinancial.com/
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