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To: SSP who wrote (9152)9/8/1999 12:08:00 PM
From: Fred C. Dobbs  Read Replies (1) | Respond to of 150070
 
DRGI

biz.yahoo.com



To: SSP who wrote (9152)9/8/1999 12:49:00 PM
From: Jim Bishop  Read Replies (1) | Respond to of 150070
 
EN/FN
TORONTO, Sept. 8 /CNW/ - Franco-Nevada Mining Corporation Limited
(TSE:FN) and Euro-Nevada Mining Corporation Limited (TSE:EN) are pleased to
announce that at special meetings held today shareholders have approved the
amalgamation on the basis of one common share of the amalgamated company, to
be called Franco-Nevada Mining Corporation Limited, for each common share of
Franco-Nevada, and 0.77 common shares of the amalgamated company for each
common share of Euro-Nevada. Fractions will be paid in cash based upon the
weighted average trading price of Euro-Nevada on the TSE during the 20 trading
days ending on the third trading day immediately preceding the effective date.
The vote was 99.9% in favour in the case of Franco-Nevada and 96.2% in favour
in the case of Euro-Nevada.
The application for the final order of the Ontario Superior Court of
Justice approving the plan of arrangement will be heard on September 13, 1999.
Letters of transmittal will be mailed to the shareholders and warrant holders
of Euro-Nevada immediately following the filing of the articles of
arrangement. It is currently anticipated that the effective date for the
amalgamation will be September 20, 1999 and that trading in the
(post-amalgamation) shares of Franco-Nevada will commence on that day.
The new Franco-Nevada will be the fifth largest gold company in the world
with a market capitalization of over Cdn $3.5 billion. Franco-Nevada's royalty
and direct interest lands exceed 5 million acres and contain total equivalent
precious metal resources of 22.4 million ounces.

%SEDAR: 00002195E
-0- 09/08/1999

For further information: contact: Seymour Schulich, Chairman & Co-CEO, (416) 480-6496; Pierre Lassonde, President & Co-CEO, (416) 480-6498; or: www.franco-nevada.com