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Gold/Mining/Energy : Franco & Euro Nevada FN , EN -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (526)	7/20/1999 8:20:00 PM
From: Exsrch	Respond to of 658

They alreay are. You count em as current assets or cash for NAV calculations. Cheers, exsrch

To: SwampDogg who wrote (526)	7/22/1999 1:59:00 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 658

Hey fuddle, EN/FN news out, fancy meeting you here, my two (oops one)favorites. TORONTO, July 22 /CNW/ - Franco-Nevada Mining Corporation Limited (TSE:FN) and Euro-Nevada Mining Corporation Limited (TSE:EN) announce that their respective boards of directors have given approval to proceed with the previously announced agreement in principle to amalgamate the two companies by way of plan of arrangement. In addition, following a review and analysis of the terms of the arrangement by committees of the independent directors of both companies, together with their respective financial advisers, the boards have confirmed the exchange ratios. The Franco-Nevada committee was advised by TD Securities Inc. and the Euro-Nevada committee was advised by CIBC World Markets Inc. The exchange ratios will be one common share of the amalgamated company for each Franco-Nevada common share and 0.77 of a common share of the amalgamated company for each Euro-Nevada common share. As previously announced, special meetings of shareholders of Franco-Nevada and Euro-Nevada to approve the arrangement are scheduled to be held on September 8, 1999. A Joint Management Proxy Circular detailing the arrangement is being mailed to shareholders of record on August 3, 1999. Franco-Nevada and Euro-Nevada are the world's largest public precious metals royalty companies. Together, the companies are equal partners in the Midas Joint Venture which manages the Ken Snyder Mine and have a growing portfolio of over 60 royalties spanning six countries with direct or royalty land interests exceeding 5 million acres. Both companies trade on the Toronto Stock Exchange with a combined market capitalization of $3.4 billion. %SEDAR: 00002195E -0- 07/22/1999 For further information: franco-nevada.com; Ron Binns, Chief Financial Officer, (416) 480-6490; David Harquail, Senior Vice-President, (416) 480-6497