Franco-Nevada Announces Closing of Previously Announced Bought Deal Financing


    TORONTO, March 13 /CNW/ - Franco-Nevada Corporation (TSX:FNV) (the
"Company") announces today the closing of its previously announced public
offering (the "Offering") of 11,500,000 units ("Units"), which includes the
full exercise at closing of the over-allotment option. Each Unit was sold at a
price of $23.25 per Unit for aggregate gross proceeds to the Company of
$267,375,000. Each Unit consists of one common share of the Company and
one-half of one common share purchase warrant (each whole common share
purchase warrant, a "Warrant"). Each Warrant will entitle the holder to
purchase one common share of the Company at a price of $32.00 at any time on
or before 5:00pm (Toronto time) on March 13, 2012. The common shares are
listed on the TSX. The Warrants are also listed on the TSX under the symbol
    The Units were sold on a bought deal basis through a syndicate of
underwriters led by BMO Capital Markets and UBS Securities Canada Inc., and
included CIBC World Markets Inc., GMP Securities L.P., RBC Dominion Securities
Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., National Bank
Financial Inc., Dundee Securities Corporation, Genuity Capital Markets,
Paradigm Capital Inc. and Wellington West Capital Markets Inc.
    The Company intends to use the net proceeds of this Offering for resource
royalty acquisitions, corporate development opportunities and for general
corporate purposes.

    (All amounts are in Canadian dollars)

    The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
of Franco-Nevada Corporation in any State in which such offer, solicitation or
sale would be unlawful.

    Forward Looking Statements
    This news release contains forward-looking information, including
"forward looking information" and "forward-looking statements" within the
meaning of applicable Canadian and United States securities laws. Such
forward-looking statements include, without limitation, statements regarding
the intended use of the net proceeds of the Offering. Where statements by
Franco-Nevada express or imply an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and believed to
have a reasonable basis. However, forward-looking statements are subject to
risks, uncertainties and other factors (including without limitation risk
factors identified in Franco-Nevada's filings available at,
which could cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements.
Franco-Nevada expressly disclaims any obligation to release publicly revisions
to any forward looking statement to reflect events or circumstances after the
date of this news release, or to reflect the occurrence of unanticipated
events, except as may be required under applicable securities laws.

For further information:

For further information: David Harquail, Chief Executive Officer, (416)
480-6480; Philip Koven, Investor Relations, (416) 447-4740 Ext 235

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