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Client Work

Moydow Mines and Franco-Nevada complete plan of arrangement

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Moydow Mines International Inc.

On January 22, 2010, Moydow Mines International Inc. (TSX:MOY; AIM:MOY) and Franco-Nevada Corporation (TSX:FNV) announced the completion of the plan of arrangement among Franco-Nevada, its wholly-owned acquisition subsidiary and Moydow pursuant to which Franco-Nevada acquired all of the issued and outstanding shares of Moydow. Cancellation of the listing of the registered shares of Moydow on the AIM market of the London Stock Exchange occurred January 25, 2010. The de-listing of the common shares of Moydow on the Toronto Stock Exchange occured shortly after. On November 20, 2009, Franco-Nevada acquired an undivided 20% interest in Moydow's 2% NSR royalty on a portion of Newmont's Ahafo property in Ghana for US$13 million. The balance of such royalty has been acquired by Franco-Nevada as a result of the completion of the arrangement. Moydow was advised in this transaction by Fasken Martineau with a team led by Al Gourley and including Jodi Katz and Minay Mahidharia (in London); Aaron Atkinson, Bill Bies, Brad Freelan and Paul Brazcek (in Toronto); and Charlotte Bell and Mark Pontin (in Vancouver).


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