GENERAL33214

• Permit No: M1982090
• IBM Index Class Name: General Documents
• Doc Date: 3/3/1987
• Doc Name: NEWS FOR RELEASE IMMEDIATE MARCH 3 1987
• Media Type: D
• Archive: No

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CONTACT
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ROYAL RESOURCES CORPORATION
1660 WYNKOOP STREET . SUITE 1000 TENTH FLOOR
DENVER,COLORAD080202 [phone]
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NEWS FOR RELEASE: IMMEDIATE: MARCR 3, 1987
DENVER, COLORADO: ROYAL RESOURCES CORPORATION
(NASDAQ:R.RCO), announced today:
1. A special stockholders meeting,
2. the closing of the sale of its interest in
the Colosseum Gold Mine, and
3. its earnings for the quarter ending
December 31, 1986.
The Board of Directors of Royal has called a
stockholders meeting for April 21, 1987 to approve
the following:
A. The sale of Royal's oil and gas properties
effective January 1, 1987 for S3.65
million,
B. An increase in the authorized shares of
common stock from 15,000,000 to 20,000,000,
C. The change of the name Royal Resources
Corporation to Royal Gold, Inc.
Mr. Michael Owen, Chairman of Royal, stated, "The
sale of Royal's oil and gas properties, the
increase in the authorized shares and the change of
name to Royal Gold are all part of implementing the
strategy to meet the Company's primary objective to
become a significant gold company in the near
future. We define a significant gold company as
one having in excess of 100,000 ounces of gold
production per year. Royal currently has under
lease or option interests in three North American
gold properties and is negotiating for the
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