Business

Franco-Nevada and Gold Wheaton Complete Plan of Arrangement

Mar. 14, 2011 (Canada NewsWire Group) -- TORONTO AND VANCOUVER, March 14 /CNW/ - Franco-Nevad...

articleFranco-nevada CorporationMarch 14, 20114/company/franco-nevada-corporation/news/franco-nevada-and-gold-wheaton-complete-plan-of-arrangement
Franco-Nevada and Gold Wheaton Complete Plan of Arrangement

About this update from Franco-nevada Corporation

[{"type":"text","content":"\n\n\n Mar. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO AND VANCOUVER, March 14 /CNW/ - Franco-Nevada Corporation (TSX:\n FNV) ("Franco-Nevada") and Gold Wheaton Gold Corp. (TSX: GLW) ("Gold\n Wheaton") announced today the completion of the Plan of Arrangement\n (the "Arrangement") between Franco-Nevada and Gold Wheaton pursuant to\n which Franco-Nevada has acquired all of the outstanding common shares\n of Gold Wheaton that it did not already own and Gold Wheaton has\n amalgamated with a wholly-owned subsidiary of Franco-Nevada to form\n Franco-Nevada GLW Holdings Corp.\n\n\nIn accordance with the Arrangement and as result of the exercise of most\n of the 2011 Gold Wheaton warrants before their expiry deadline of March\n 7, 2011, Gold Wheaton shareholders (including holders of 2011 warrants\n who exercised their 2011 warrants prior to the expiry deadline) will\n receive in the aggregate cash consideration of approximately C$259\n million and approximately 11.65 million Franco-Nevada common shares. In\n accordance with the maximum cash and share caps and pro-rationing\n mechanism under the Arrangement and as a result of Gold Wheaton\n shareholder elections, Gold Wheaton shareholders who elected or were\n deemed to have elected all cash will receive C$5.20 in cash for each\n Gold Wheaton common share. Gold Wheaton shareholders who elected all\n shares will receive approximately 0.1262 of a Franco-Nevada common\n share and approximate...

More updates from Franco-nevada Corporation