UPDATE 1-Royal Gold prices share offering

* Says offering to raise about $235.3 mln

* Says offering priced at $38 a share (Adds details on share offering; all figures in U.S. dollars unless otherwise noted)

TORONTO, April 8 (Reuters) - Royal Gold Inc (RGLD.O) (RGL.TO) said late Tuesday it has agreed to sell 6.5 million shares at $38 per share, and will use the proceeds to finance its acquisition of a stake in the gold produced from the Andacollo mine in Chile.

Denver-based Royal Gold said it expects proceeds from the offering, net of commission and expenses, of $235.3 million. The company said its offering will close on April 14.

Royal Gold, which acquires and manages precious metal royalty interests, earlier this week said it would acquire a stake in the gold produced from the Andacollo mine in Chile from Canada's Teck Cominco (TCKb.TO) and Chilean state-owned entity ENAMI for $300 million.

Royal Gold is paying for the Andacollo gold stake with $100 million in cash, plus 4.45 million shares valued at about $200 million. The company on Monday also announced the 6.5 million share offering.

The offering priced at a 12.5 percent discount to Royal Gold's closing price of $43.42 on Friday -- the last trading day before the deal was announced.

HSBC Securities is the global coordinator and is acting as joint book-runner for the offering along with Goldman Sachs (GS.N) and Scotia Capital.

Royal Gold has granted the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock to cover over-allotments, if any.

Royal Gold shares closed at $39 Tuesday on the Nasdaq. (Reporting by Euan Rocha; Editing by Steve Orlofsky)