SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : SOUTHERNERA (t.SUF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PHILLIP FLOTOW who wrote (2372)1/27/1999 11:18:00 AM
From: VAUGHN  Read Replies (1) of 7235
 
Hello Phillip

They seem to be on a buying spree of late. Presume you also saw this?

---------

Franco-Nevada increases holding in Inco's Class VBN shares from 25% to 37%

TORONTO, Jan. 26 /CNW/ - Franco-Nevada Mining Corporation Limited
(TSE-FN) through a private transaction has agreed to acquire 3,000,000 Class
VBN Inco shares at $10 per share. On closing, Franco-Nevada will have an
aggregate holding of 9,576,173 shares or 37% of the class of shares. The
transaction will occur through the facilities of the Toronto Stock Exchange.
Franco-Nevada has acquired the Class VBN shares for investment purposes and
will review its holding from time to time and may increase or decrease its
position as future circumstances dictate.
The Class VBN Inco shares represent an effective 25% net profit interest
over the Voisey's Bay nickel project in Labrador operated by Inco Limited.
Franco-Nevada's 37% ownership of the Class VBN Inco shares translates into an
effective 9.25% net profit interest over the Voisey's Bay project.

--------

Regards
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News