🕐20.08.12 - 13:27 Uhr
FRANCO-NEVADA AND INMET AGREE TO A $1 BILLION PRECIOUS METALS STREAM
FINANCING FOR THE COBRE PANAMA PROJECT
Franco-Nevada and Inmet Agree to a $1 Billion Precious Metals Stream
Financing for the Cobre Panama Project
*Published date : 2012-8-20*
*TORONTO, August 20, 2012* - Franco-Nevada Corporation (TSX: FNV, NYSE: FNV)
and Inmet Mining Corporation (TSX: IMN) today announced that their
subsidiaries have agreed to terms for a precious metals stream on the Cobre
Panama copper project in Panama, one of the world’s largest
copper-gold-silver-molybdenum porphyry deposits currently being constructed.
Inmet owns 80% and Korea Panama Mining Corp.
(KPMC) owns 20% of Minera
Panama, S.A.
(MPSA), owner and developer of the Cobre Panama project.
The
transaction has received requisite Board approvals and KPMC’s consent and
is subject only to completion of certain filings and registrations with
closing expected shortly.
Click to read newsletter
http://www.franco-nevada.com/files/Franco_Nevada_Inmet_Stream_Agreement_Joint_Press_Release_Aug_19_2012_Final_clean_0.pdf
*Stefan Axell*
Manager, Investor Relations
416-306-6328
mailto:
*Sandip Rana*
Chief Financial Officer
416-306-6303
mailto: TSX:*FNV* NYSE:*FNV*
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