Business
Franco-Nevada Closes C$391 Million Bought Deal Financing
TORONTO, Nov. 30, 2011 /CNW/ - Franco-Nevada Corporation (the "Company") (NYSE:FNV) (TSX: FNV...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Nov. 30, 2011 /CNW/ - Franco-Nevada Corporation (the \"Company\")\n (NYSE:FNV) (TSX: FNV) announced today the closing of its previously\n announced public offering (the \"Offering\") of 9,200,000 common shares\n (\"Offered Shares\"), including the full exercise of the over-allotment\n option, at a price of C$42.50 per Offered Share for aggregate gross\n proceeds to the Company of C$391,000,000.\n\n\nThe Offered Shares were sold on a bought-deal basis through a syndicate\n of underwriters led by BMO Capital Markets and included CIBC World\n Markets Inc., RBC Dominion Securities Inc., UBS Securities Canada Inc.,\n GMP Securities L.P., Merrill Lynch Canada Inc., TD Securities Inc.,\n Credit Suisse Securities (Canada), Inc., National Bank Financial Inc.,\n Scotia Capital Inc., and Pollitt & Co. Inc.\n\n\nThe Company intends to use the net proceeds from the Offering for\n acquisitions, working capital and general corporate purposes.\n\n\nCorporate Summary \n\n\nFranco-Nevada Corporation (NYSE: FNV) (TSX: 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 has declared growing free cash\n flow and dividends. It is the gold investment that works.\n\n\nCAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION This press release may contain certain information that may constitute\n \"forward-looking information\" and \"forward-looking statements\" within\n the meaning of applicable Canadian securities laws and United States\n Private Securities Litigation Reform Act 1995, respectively.\n Forward-looking statements may include, but are not limited to,\n statements with respect to future events or future performance,\n management's expectations regarding Franco-Nevada's growth, results of\n operations, estimated future revenues, requirements for additional\n capital, future demand for and prices of commodities, expected mining\n sequences, business prospects and opportunities. Such forward-looking\n stateme...