Franco-Nevada closes $370 million unit financing


    This press release contains forward-looking statements. Reference should
    be made to the "Cautionary Statement on Forward-looking Information" at
    the end of this press release.

    TORONTO, June 16 /CNW/ - Franco-Nevada Corporation (TSX:FNV) (the
"Company") announced today the closing of its previously announced public
offering (the "Offering") of 11,500,000 units ("Units"), including the full
exercise of the over-allotment option, at a price of $32.20 per Unit for
aggregate gross proceeds to the Company of $370,300,000. Each Unit consists of
one common share of the Company (a "Common Share") and one-half of one common
share purchase warrant (each whole common share purchase warrant, a
"Warrant"). Each Warrant will entitle the holder thereof to purchase one
common share of the Company at a price of $75.00 on or before June 16, 2017.
The Warrants have been approved for listing on the TSX under the symbol
    The Units were sold on a bought-deal basis through a syndicate of
underwriters led by BMO Nesbitt Burns Inc., GMP Securities L.P., CIBC World
Markets Inc. and included UBS Securities Canada Inc., RBC Dominion Securities
Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., National Bank
Financial Inc., Scotia Capital Inc., Genuity Capital Markets, Paradigm Capital
Inc. and Wellington West Capital Markets Inc. The Company intends to use the
net proceeds of this Offering for acquisitions, corporate working capital 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 anticipated use of proceeds. Where statements by the Company 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)
306-6307; Sharon Dowdall, Chief Legal Officer and Corporate Secretary, (416)

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