Business
Franco-Nevada and Lumina Royalty Complete Plan of Arrangement
TORONTO, Dec. 1, 2011 /CNW/ - Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) ("Franco-Nevad...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Dec. 1, 2011 /CNW/ - Franco-Nevada Corporation (TSX: FNV)\n (NYSE: FNV) (\"Franco-Nevada\") and Lumina Royalty Corp (\"Lumina\n Royalty\") announced today the completion of the Plan of Arrangement\n (the \"Arrangement\") between Franco-Nevada and Lumina Royalty pursuant\n to which Franco-Nevada has acquired all of the outstanding common\n shares of Lumina Royalty.\n\n\nIn accordance with the Arrangement, Lumina Royalty shareholders will\n receive in the aggregate approximately 1,383,873 Franco-Nevada common\n shares and 760,793 Franco-Nevada warrants (TSX: FNV.WT.A with a C$75.00\n exercise price, expiring June 16, 2017) or 0.03487 Franco-Nevada common\n shares and 0.01917 Franco-Nevada warrants per Lumina Royalty common\n share.\n\n\nFollowing completion of the Arrangement, Lumina Royalty will change its\n name to Franco-Nevada LRC Holdings Corp.  Lumina Royalty will be\n applying to the securities regulatory authorities in Canada to cease to\n be a reporting issuer in due course.\n\n\nAbout Franco-Nevada \n\n\nFranco-Nevada Corporation (TSX:FNV, NYSE:FNV) is a gold-focused royalty\n and stream company with additional interests in platinum group metals,\n oil & gas and other assets. The Company has a diversified portfolio of\n high margin assets along with a growing pipeline of development assets\n with exposure to some of the largest gold discoveries in the world. Its\n business model benefits from rising commodity prices and new\n discoveries while limiting operating and capital cost inflation.\n Franco-Nevada has delivered growing free cash flow and dividends. It is\n the gold investment 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....