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| Home : Franco-Nevada Announces US$500 Million Bought Deal Financing |
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Aug 14
2014 |
Franco-Nevada Announces US$500 Million Bought Deal Financing |
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TORONTO, ONTARIO--(Marketwired - Aug. 13, 2014) - Franco-Nevada Corporation (the "Company") (TSX:FNV)(NYSE:FNV) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets, CIBC and BMO Capital Markets which have agreed to purchase, on a bought deal basis, 8,375,000 common shares of the Company at a price of US$59.75 per share, for aggregate gross proceeds of approximately US$500 million (the "Offering"). The underwriters will also have the option, exercisable in whole or in part at any time for a period of 30 days following the closing of the Offering, to purchase up to an additional 1,256,250 common shares to cover over-allotments, if any. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the offering will be approximately US$575 million. |
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| Source:http://www.marketwired.com/mw/release.do?id=1938160&sourceType=3 |
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