Franco-Nevada closes US$500 million bought deal financing

About this update from Franco-nevada Corporation

[{"type":"text","content":"\n\nTORONTO, Aug. 21, 2014 /CNW/ - Franco-Nevada Corporation (the \"Company\") (TSX/NYSE: FNV) announced today the closing of its previously announced public offering (the \"Offering\") of 8,375,000 common shares (\"Offered Shares\") at a price of US$59.75 per Offered Share for aggregate gross proceeds to the Company of approximately US$500 million. The Company has also provided underwriters of the Offering with an over-allotment option to purchase up to an additional 1,256,250 common shares of the Company within 30 days of the closing of the Offering.\n\nThe Offered Shares were sold on a bought-deal basis through a syndicate of underwriters led by RBC Capital Markets, CIBC and BMO Capital Markets and included GMP Securities L.P., Bank of America Merrill Lynch, National Bank Financial, Credit Suisse Securities (Canada), Inc., Scotia Capital and TD Securities. \n\nThe Company plans to use the net proceeds from the Offering to fund royalty and stream acquisitions and other general corporate purposes. The Company expects to fund all of its existing royalty and stream commitments from pre-existing cash and a portion of future cash flows.\n\nThe Offered Shares described above were offered by the Company pursuant to the Company's effective shelf registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission (the \"SEC\") and its corresponding Canadian base shelf prospectus filed with the securities regulatory authorities in each of the provinces and territories of Canada. A final prospectus supplement relating to the Offering was filed with the SEC and with the securities regulatory authority in each of the provinces and territories of Canada. Copies of the final prospectus supplement and the accompanying base shelf prospectus relating to the Offering may be obtained upon request by contacting, in the U.S., RBC Capital Markets, LLC, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281-8098, by telephone at (877) 822-4089 or by fax at (212) 428-6260 and in Canada, RBC Capital Markets, Attention: Distribution Centre, 180 Wellington Street West, 8th Floor, Toronto, Ontario, M5T 0C2, by fax at 416-313-6066 or by email at [email protected]. Electronic copies of the preliminary and final prospectus supplements and the accompanying base she...

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