Business
Quadra FNX Completes Sale of Gold Wheaton Shares to Franco-Nevada for C$262 Million
Jan. 5, 2011 (Canada NewsWire Group) -- This press release contains forward-looking statemen...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n Jan. 5, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nThis press release contains forward-looking statements. Reference should be made to the "Cautionary Statements on Forward-looking\n Information" at the end of this press release.\n\n\nVANCOUVER AND TORONTO, Jan. 5 /CNW/ - Further to their press release\n dated December 22, 2010, Quadra FNX Mining Ltd. (TSX - QUX) ("Quadra\n FNX") and Franco-Nevada Corporation (TSX - FNV) ("Franco-Nevada")\n announced today that Quadra FNX has completed the sale of its\n 56,464,126 common shares of Gold Wheaton Gold Corp. ("Gold Wheaton") to\n Franco-Nevada for aggregate gross proceeds of C$262,558,185 or C$4.65\n per share. Further to their press release dated December 13, 2010,\n Franco-Nevada and Gold Wheaton are in the process of negotiating and\n finalizing a definitive arrangement agreement pursuant to which\n Franco-Nevada would acquire the issued Gold Wheaton common shares that\n it does not already own. The consideration in that transaction is\n valued at C$5.20 per share. If the transaction is completed on these\n terms, Quadra FNX's former Gold Wheaton shareholdings will be topped up\n to $5.20 per share for a total cash consideration of approximately\n C$293 million.\n\n\nAbout Quadra FNX\n\n\nQuadra FNX Mining Ltd. is a leading mid-tier copper mining company with\n corporate offices in Vancouver, B.C. and Toronto, Ontario. Quadra FNX\n produces copper, gold and platinum group met...