Franco-Nevada Corporation Announces CAD340 Million Bought Deal Financing

Franco-Nevada Corporation announced that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets, which has agreed to purchase, on a bought deal basis, 8,000,000 common shares (Offered Shares) of the Company at a price of CAD42.50 per share, for aggregate gross proceeds of CAD340,000,000 (the Offering). The underwriters will also have the option, exercisable in whole or in part at any time for a period of 30 days following the closing of the Offering, to purchase up to an additional 1,200,000 common shares to cover over-allotments, if any. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the offering will be CAD391,000,000. The Company plans to use the net proceeds from the offering for acquisitions, working capital and general corporate purposes. The offering is scheduled to close on or about November 30, 2011.