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