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Franco-Nevada Announces A$220 Million Financing Package with Minerals 260 for the Bullabulling Gold Project [Globe and Mail, The (Toronto, Canada)]

Franco-Nevada Corporation (FNV) 
Last franco-nevada corporation earnings: 3/9 05:00 pm Check Earnings Report
US:NYSE Investor Relations: franco-nevada.com/investors/default.aspx
the " Company ") (TSX: FNV)(NYSE: FNV) is pleased to announce that, through a wholly-owned Australian subsidiary, it has entered into an agreement to acquire a A$170 million (approximately $120 million) gross royalty (the " Royalty ") from Minerals 260 Limited (" Minerals 260 ") to support its development of the Bullabulling Gold Project (" Bullabulling " or the " Project ") located in Western Australia. Additionally, Franco-Nevada has agreed to subscribe for A$50 million (approximately $35 million) of Minerals 260's ordinary shares (the " Shares The Royalty acquisition will be in addition to Franco-Nevada's historical 1.00% gross royalty over certain Project tenements, effectively increasing it to a 2.45% gross royalty over a Bullabulling land package, covering all Mineral Resources, plus an area of interest. "Bullabulling is a large and growing Resource and one of the most attractive gold development projects in Australia," said Paul Brink, President & CEO of Franco-Nevada. "Aft Show less Read more
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