Royal Gold (RGLD) Secures Shareholder Approval for Sandstorm and Horizon Acquisitions

Royal Gold, Inc. (NASDAQ:RGLD) is one of the 11 Best Gold Stocks to Buy According to Hedge Funds. On October 9, Royal Gold, Inc. (NASDAQ:RGLD) shared the preliminary results from a special meeting of its stockholders. The vote approved the issuance of Royal Gold, Inc. (NASDAQ:RGLD) common stock for its acquisition of Sandstorm Gold Ltd. (SAND).

At the same time, Sandstorm Gold Ltd. (SAND) and Horizon Copper Corp. also announced the voting results from their respective meetings. The security holders of both companies have agreed to their acquisitions by Royal Gold, Inc. (NASDAQ:RGLD).

Sandstorm Gold Ltd. (SAND) is a precious metals-focused royalty company, while Horizon Copper Corp. is a premier copper company holding a portfolio of strong copper assets

According to the report by Royal Gold, Inc. (NASDAQ:RGLD), both the acquisitions are expected to close on October 20, subject to all closing conditions being satisfied or waived.

Royal Gold, Inc. (NASDAQ:RGLD) is a leading precious metals streaming and royalty company. It has a large and diversified portfolio of streams, royalties, and similar production-based interests in several of the world’s most attractive mines.

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Disclosure: None. This article is originally published at Insider Monkey.