Business
Franco-Nevada and Lumina Royalty Announce Court Approval of Arrangement
TORONTO, Nov. 24, 2011 /CNW/ - Franco-Nevada Corporation (TSX:FNV, NYSE:FNV) ("Franco-Nevada"...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Nov. 24, 2011 /CNW/ - Franco-Nevada Corporation (TSX:FNV,\n NYSE:FNV) (\"Franco-Nevada\") and Lumina Royalty Corp (\"Lumina Royalty\")\n announced today that Lumina Royalty has obtained a final order from the\n Supreme Court of British Columbia with respect to the previously\n announced arrangement agreement (the \"Arrangement\") between\n Franco-Nevada and Lumina Royalty. Franco-Nevada and Lumina Royalty\n expect to complete the Arrangement on or about December 1, 2011.\n\n\nAbout Franco-Nevada \n\n\nFranco-Nevada Corporation (TSX: FNV, NYSE: FNV) is a gold-focused\n royalty and stream company with additional interests in platinum group\n metals, oil & gas and other assets. The Company has a diversified\n portfolio of high margin assets along with a growing pipeline of\n development assets with exposure to some of the largest gold\n discoveries in the world. Its business model benefits from rising\n commodity prices and new discoveries while limiting operating and\n capital cost inflation. Franco-Nevada is generating growing free cash\n flow with historical increasing dividends and is the gold investment\n that works.\n\n\nAbout Lumina Royalty\n\n\nLumina Royalty Corp. is an unlisted company that owns royalty interests\n on four copper development projects located in Chile and Argentina. \n The company was formed as a result of a reorganization of Lumina Copper\n Corp. (TSX-V: LCC) in June 2011.  The four development projects are the\n Relincho copper/molybdenum project located in Region III, Chile that is\n being advanced by Teck Resources Ltd; the Taca Taca\n copper/gold/molybdenum project located in Salta Province, Argentina\n that is being advanced by Lumina Copper Corp; the San Jorge\n copper/gold/molybdenum project located in Mendoza Province, Argentina\n that is being advanced by Coro Mining Corp. and the Vizcachitas\n copper/molybdenum project located in Region V, Chile that is being\n advanced by Los Andes Copper Limited.  More information about Lumina\n Royalty Corp. and its assets can be found on the company's website at www.luminaroyalty.com.\n\n\nCAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION \n\n\nCertain information contained in this press release, including any\n information as to future financial or operating performance and other\n statements that express management...