Franco-Nevada and Lumina Royalty Announce Shareholder Approval of Arrangement

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[{"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 shareholders of Lumina Royalty have approved the\n previously announced arrangement agreement (the \"Arrangement\") between\n Franco-Nevada and Lumina Royalty. Total votes cast at the special\n meeting of shareholders represented 19,139,403 common shares of Lumina\n Royalty or 50.80% of the total issued and outstanding common shares of\n Lumina Royalty. In the vote requiring 66 2/3% in favour of the\n Arrangement, 19,138,803 votes were cast FOR, representing 99.99% of the\n votes cast and in the vote requiring a majority of the minority in\n favour of the Arrangement under MI 61-101, 8,020,952 votes were cast\n FOR, representing 99.99% of the votes cast.\n\n\nLumina Royalty will now apply to the Supreme Court of British Columbia\n for a final order (the \"Final Order\") approving the Arrangement. The\n hearing for the Final Order is expected to take place later today.\n Provided that the Final Order is granted, Lumina Royalty and\n Franco-Nevada expect to complete the Arrangement on or about December\n 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 loca...

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