CAPITAL MARKETS

Franco-Nevada continues its corporate tactics

FRANCO-Nevada is continuing its aggressive corporate activity, announcing it will become the biggest shareholder in Echo Bay Mines, taking a 49.5% stake through the conversion of its bond holdings.

Greg Tubby

Toronto-listed Franco-Nevada, a stakeholder in several gold producers, said it planned to convert its US$72.4 million of capital securities of Echo Mines into an equity stake in the multi-listed gold miner....

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