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Franco-Nevada Corp., the company formed to buy the royalty interests of Newmont Mining Corp., will sell shares in an initial public offering in Canada to finance the acquisition.
The company will buy the entire royalty stream offered for sale by Denver-based Newmont, including payments from oil and natural-gas producers, Franco-Nevada chief financial officer Paul Brink said Tuesday. He wouldn’t comment on the amount to be raised until marketing of the stock to investors is completed.
