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Goodmans and Wachtell represent Newmont/Franco Nevada in its possible $1 billion IPO

October-25-2007

Area Corporate Finance and Securities, Mergers and Acquisitions, Tax, Mining and Natural Resources

Details

On October 23, 2007, Newmont Mining Corporation announced that Franco-Nevada Corporation has filed a preliminary prospectus with securities regulatory authorities in Canada in connection with Newmont’s previously announced plans to monetize components of its royalty and equity portfolio. If Newmont chooses to pursue a public offering in Canada of Franco Nevada, Franco-Nevada would use the proceeds of the offering to acquire the royalty assets and certain other investments from Newmont. This possible public offering is one of several alternatives being considered by Newmont. If Newmont ultimately decides to proceed with a public offering in Canada of Franco-Nevada securities, these securities would not be registered under the United States Securities Act of 1933, as amended, and would not be offered for sale in the United States absent registration or an applicable exemption from registration requirements. BMO Capital Markets and UBS Securities are the co-lead underwriters and joint bookrunners.

Goodmans LLP, Wachtell, Lipton, Rosen & Katz, Perkins Coie and Lawson Lundell represent Newmont and Franco-Nevada. The Goodmans team includes Jonathan Lampe (partner), Mark Spiro (partner), Kevin Wilson (associate) and James Rickert (associate) (corporate/securities), Carrie Smit (partner) and Alan Bowman (partner) (tax). All lawyers are with the Toronto office.  The Wachtell team included David Katz. The Perkins Coie team includes Sonny Allison and Bruce Stocks. The Lawson team includes Andrew Bedford, Jerrold Shramm and Ben Gabriel. The Underwriters were represented by Stikeman Elliot LLP and Shearman & Sterling LLP. The Stikeman's team includes Jay Kellerman, Quentin Markin, Wendy Yu, Keith Chatwin and Nils Engelstad. Shearman's team includes Christopher Cumming and Jonathan Handyside (Toronto).

For further information, the news release can be found here.