Franco-Nevada to Acquire Gold Wheaton for $830 Million in Friendly Business Combination

Published: 12/13/2010

On January 6, 2011, Franco-Nevada Corporation entered into a definitive agreement with Gold Wheaton Gold Corp. whereby Franco-Nevada will acquire the issued Gold Wheaton common shares that it does not already own for a combination of shares and cash. The Arrangement Agreement provides Gold Wheaton shareholders (other than Franco-Nevada) with the option to elect to receive either (i) 0.1556 of a Franco-Nevada common share or (ii) $5.20 cash, for each Gold Wheaton share, subject to caps and pro-ration.

Cassels Brock is acting for Gold Wheaton.

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