Transaction
Cassels Brock Represents Franco-Nevada in $370 Million Unit Financing
By Eva Bellissimo, André Boivin, Christine Gallo, Cameron Mingay, Andrew M. Reback
On June 16, 2009, Franco-Nevada Corporation completed a bought deal public offering of 11,500,000 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 and one-half of one common share purchase warrant.
The Units were sold 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 .
Franco-Nevada was represented by Sharon Dowdall, Chief Legal Officer and Corporate Secretary of Franco-Nevada, and by a team from Cassels Brock & Blackwell LLP that included Cam Mingay (Securities), André Boivin (Securities), Eva Bellissimo (Securities), Christine Gallo (Securities) and Andrew Reback (Tax).