3/13/2008 10:06:55 AM Franco-Nevada Closes Public Offering Aggregating To $267.37 Mln - Update [FNV.TO]

Thursday, Franco-Nevada Corp. (FNV.TO) disclosed that it completed the earlier announced public offering of 11,500,000 units. Each unit was sold at a price of $23.25 per Unit for aggregate gross proceeds of $267,375,000.

The company plans to utilize the net proceeds of this offering for resource royalty acquisitions, corporate development opportunities and for general corporate purposes.

The units were sold on a bought deal basis through a syndicate of underwriters led by BMO Capital Markets and UBS Securities Canada Inc. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of $32.00 at any time on or before 5:00pm (Toronto time) on March 13, 2012. The common shares are listed on the TSX. The Warrants are also listed on the TSX under the symbol "FNV.WT."