High River Gold Mines Ltd HRIVF

Royal Gold ?

[espressostretto]

Hi guys, has this been covered?
Item 8.01 Other Events 
On January 17, 2011, Royal Gold, Inc. (“Royal Gold”) released its security interests  in certain 
collateral that it held pursuant to the Amended and Restated Funding Agreement dated  
February 22, 2006 (the "Funding Agreement")  between Royal Gold, Inc. and Somita SA 
(“Somita”), a 90% owned subsidiary of High River Gold Mines Ltd. (“High River”) and the 
operator of the Taparko mine.

[espressostretto]

Sorry, here is the whole thing.  Not sure if there is any new info.Item 8.01 Other Events On January 17, 2011, Royal Gold, Inc. (“Royal Gold”) released its security interests  in certain collateral that it held pursuant to the Amended and Restated Funding Agreement dated  February 22, 2006 (the "Funding Agreement")  between Royal Gold, Inc. and Somita SA

[espressostretto]

Looks like only new info is the lifting of the restriction on the pledged securities ($111.5M based on Monsieur Charlwood's Nov 2010 postings).  The move of the royalty rate from nearly 30% to around 2.75% for Somita was already noted in Q3 financials.

[cjsell]

You were SPOT on.  Since your post gave the date of January 17 and the special meeting took place on January 24th, we can only conclude that HRG BOD were aware of this "material" change, and did nothing.  I believe if you hadn't posted your information, HRG would not have been forced into disclosure now.  Hmmm some timing....CJ