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Stock impact report

Scottie Resources Announces Financing Package with Franco-Nevada Corporation [Yahoo! Finance]

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
Company Research Source: Yahoo! Finance
VANCOUVER BC April 2, 2024 /CNW/ - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) (" Scottie " or the " Company ") is pleased to announce that it has entered into a financing arrangement with Franco-Nevada Corporation (TSX: FNV) (NYSE: FNV) (" Franco- Nevada ") whereby Scottie has agreed to sell a 2.0% gross production royalty (the " Royalty ") to Franco-Nevada for C$8,100,000 (the " Royalty Transaction "). The Royalty will apply to all minerals produced on Scottie's claims in the Stewart Mining Camp in the Golden Triangle. In addition, Franco-Nevada has agreed to purchase common shares of the Company comprising the entire back-end of an aggregate C$1,500,000 charity flow-through private placement at a price to flow-through subscribers of C$0.275 per flow-through common share of the Company (the " Private Placement President and CEO, Brad Rourke commented: "We are happy to welcome Franco-Nevada as a shareholder and stakeholder of Scottie. This transaction validate Show less Read more
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