| | Published : February 22nd, 2008 | Announces C$232,500,000 Bought Deal Financing |
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Franco-Nevada Announces
C$232,500,000 Bought Deal
Financing
NOT FOR DISTRIBUTION TO
US NEWSWIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES
For immediate
release
TORONTO, ON, February 22,
2008 - Franco-Nevada Corporation (TSX:FNV) (“Franco-Nevada”) announced today
that it has entered into an agreement with a syndicate of underwriters led by
BMO Capital Markets and UBS Securities Canada Inc., under which the underwriters
have agreed to buy 10,000,000 units (the
“Units”), from Franco-Nevada, and sell to the public at a price of
C$23.25 per
Unit, representing an aggregate amount of C$232,500,000. Each Unit consists of one Common Share
and � of one Common Share Purchase Warrant (the “Warrant”). Each whole Warrant entitles the holder
to purchase one Common Share at a price of C$32.00 on or before the date which
is 4 years following the closing of the offering. In addition, the underwriters will also
have an option exercisable for a period of 30 days after the closing of the
offering, to purchase up to an additional 1,500,000 Units. The net proceeds of the offering will be
used for resource royalty acquisitions and corporate development opportunities
and general corporate purposes.
Closing is expected on or about March 13,
2008.
The securities offered have not been registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. This
news release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities of Franco-Nevada
Corporation in any State in which such offer, solicitation or sale would be
unlawful.
This news release contains forward-looking information,
including “forward-looking statements” within the meaning of applicable Canadian
and United States securities laws. Such forward-looking
statements include, without limitation, statements regarding the timing, terms
and conditions and anticipated consequences of the possible transaction. Where
statements by Franco-Nevada express or imply an expectation or belief as to
future events or results, such expectation or belief is expressed in good faith
and believed to have a reasonable basis. However, forward-looking statements are
subject to risks, uncertainties and other factors (including without limitation
risk factors identified in Franco-Nevada’s filings available at www.sedar.com),
which could cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements.
Franco-Nevada expressly disclaims any obligation to release publicly revisions
to any forward-looking statement to reflect events or circumstances after the
date of this news release, or to reflect the occurrence of unanticipated events,
except as may be required under applicable securities
laws.
Philip Koven
Investor Relations
Franco-Nevada Corporation
(416) 447-4740 Ext. 235
______________________________________________________________________ This email has been scanned by the MessageLabs Email Security System.
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Data and Statistics for these countries : Canada | All Gold and Silver Prices for these countries : Canada | All
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Franco Nevada Corp.
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PRODUCER |
CODE : FNV.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Franco-Nevada is a gold royalty company based in Canada. Franco-Nevada produces gold, copper, nickel, pgm, platinum, silver and uranium in Australia, in Canada, in Ghana, in Indonesia, in Mauritania, in Mexico, in South Africa and in USA, develops copper, gold, lead, molybdenum, nickel, silver and zinc in Canada, in Dominican Republic and in Greece, and holds various exploration projects in Argentina and in Australia. Its main assets in production are BALD MOUNTAIN in USA, HEMLO, HOLLISTER, ROBINSON (NEVADA) and HOLLOWAY in Canada, NORTH LANUT and MT. MURO in Indonesia, EZULWINI, MARIGOLD, MESQUITE, PANDORA JV and (MWS) BUFFELSFONTEIN TAILING PROJECT in South Africa, TASIAST in Mauritania, CERRO SAN PEDRO, PALMAREJO, GOLDSTRIKE and STILLWATER MINE in Mexico, MOUNT KEITH - OC and MOUNT KEITH - SP in Australia and AHAFO SOUTH in Ghana, its main assets in development are DEE PROJECT, TULSEQUAH CHIEF, ROSEMONT RANCH and PROSPERITY in Canada, PERAMA HILL in Greece and FALCONDO MINE in Dominican Republic and its main exploration properties are DETOUR LAKE, EDSON, WEYBURN UNIT and MIDALE UNIT in Canada, TARICORI and PINSON in Peru, PECULIAR KNOB, ADMIRAL HILL and MOOLART WELL in Australia and CALCATREU in Argentina. Franco-Nevada is listed in Canada and in United States of America. Its market capitalisation is CA$ 30.2 billions as of today (US$ 22.3 billions, € 20.0 billions). Its stock quote reached its lowest recent point on March 08, 2019 at CA$ 100.00, and its highest recent level on September 17, 2024 at CA$ 169.45. Franco-Nevada has 178 480 000 shares outstanding. |
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