(RTTNews) - Franco-Nevada Corp. (FNV, FNV.TO) announced that, through its wholly-owned Australian subsidiary, it has entered into an agreement to acquire a A$170 million or approximately US$122 million gross royalty from Minerals 260 Limited. The transaction is designed to further support the development of the Bullabulling Gold Project. In addition, Franco-Nevada has agreed to subscribe for A$30 million or approximately US$22 million of Minerals 260's ordinary shares as a lead order in a future equity raise. The new royalty acquisition builds upon Franco-Nevada's existing 2.45% gross royalty interest in Bullabulling, increasing its interest to 3.90% and expanding both the area of interest and the royalty profile.
Nous affichons publiquement l'idee principale. Creez un compte gratuit pour lire l'article complet, l'enregistrer, le commenter et le relier au contexte marches et OSINT.