Mr. Geoff Waterman reports
FRANCO-NEVADA ANNOUNCES CLOSING OF WEYBURN NET ROYALTY INTEREST ACQUISITION
Franco-Nevada Corp. has closed the acquisition of an 11.7-per-cent
net royalty interest in the Weyburn oil unit from
Penn West Petroleum Ltd. Franco-Nevada paid
$400-million in cash, prior to minor closing adjustments, for the NRI
with funds coming from working capital. The acquisition has an
effective date of Oct. 1, 2012.