Royal Gold welcomes Thompson Creek holders' approval of Centerra deal
Royal Gold said it welcomes approval by the shareholders of Thompson Creek Metals Company of a special resolution authorizing the acquisition of all outstanding Thompson Creek common shares by Centerra Gold Inc. by plan of arrangement under the Business Corporations Act. The acquisition is expected to close on or about October 20 following court approval of the plan of arrangement. "We believe the acquisition and amended stream represent an excellent outcome for Royal Gold," commented Tony Jensen, President and CEO. "Centerra's stronger balance sheet and gold-focused skill set will further benefit our investment at Mount Milligan and we welcome them as our partner in this high quality project."