TIDMMOY 
 
RNS Number : 0127G 
Moydow Mines International Inc 
22 January 2010 
 
 
 
 
 
Franco-Nevada and Moydow Complete Previously Announced Arrangement in 
Connection with Royalty Acquisition 
 
 
NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED 
STATES. 
 
 
This press release contains forward-looking statements. Reference should be made 
to the 
"Cautionary Statement on Forward-looking Information" at the end of this press 
release. 
 
 
Toronto, Ontario - January 22, 2010 - Franco-Nevada Corporation (TSX:FNV) 
("Franco-Nevada") and Moydow Mines International Inc. (TSX:MOY; AIM:MOY) 
("Moydow") announced today the completion of the plan of arrangement among 
Franco-Nevada, its wholly-owned acquisition subsidiary and Moydow pursuant to 
which Franco-Nevada has acquired all of the issued and outstanding shares of 
Moydow (the "Moydow Shares"). The arrangement was effective at 12:01 a.m. on 
January 22, 2010. Cancellation of the listing of the registered shares of Moydow 
on the AIM market of the London Stock Exchange will occur at 7:00 a.m. GMT on 
Monday, January 25, 2010. The de-listing of the common shares of Moydow on the 
Toronto Stock Exchange is expected to occur in due course. 
 
 
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. 
 
 
The Ahafo royalty is a 2% NSR that covers 78 sq km² of the southeastern end of 
Newmont's Ahafo South project. The royalty is payable once 1.2 million ounces 
have been produced from the royalty area and is expected to become payable in 
2012. Based on Newmont disclosure, there are currently 6.1 million ounces of 
reserves at Ahafo South and the royalty includes all, or portions of, three of 
the four open pits in the Ahafo South area. Included is the Subika deposit where 
Newmont is currently evaluating an expansion project where it has identified the 
opportunity for total additional resources of 4 to 7 million ounces with a pit 
layback and underground development below the ultimate pit. 
 
 
Corporate Summary 
 
 
Franco-Nevada Corporation (TSX: FNV) is a gold-focused royalty company with 
additional interests in platinum group metals, oil & gas and other assets. It is 
the leading gold royalty company as measured by gold revenues, number of gold 
royalties and Free Cash Flow margins. Its portfolio of high-margin cash flow 
producing assets is located principally in the United States, Canada and 
Australia. The Company also holds a pipeline of potential future cash flowing 
assets that are being developed, permitted or explored. 
 
 
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 
 
 
Certain information contained in this Press Release, including any information 
as to future financial or operating performance and other statements that 
express management's expectations or estimates of future performance, constitute 
"forward-looking statements". All statements, other than statements of 
historical fact, are forward-looking statements. The words "estimate", "expect", 
"expects", "expected" and similar expressions identify forward-looking 
statements. Forward-looking statements are necessarily based upon a number of 
estimates and assumptions that, while considered reasonable by management, are 
inherently subject to significant business, economic and competitive 
uncertainties and contingencies. The Company cautions the reader that such 
forward-looking statements involve known and unknown risks, uncertainties and 
other factors that may cause the actual financial results, performance or 
achievements of Franco-Nevada to be materially different from the Company's 
estimated future results, performance or achievements expressed or implied by 
those forward-looking statements and the forward-looking statements are not 
guarantees of future performance. These risks, uncertainties and other factors 
include, but are not limited to: fluctuations in the prices of the primary 
commodities that drive the Company's royalty revenue (gold, platinum group 
metals, copper, nickel, oil and gas); fluctuations in the value of the Canadian 
and Australian dollar, and any other currency in which the Company generates 
revenue, relative to the US dollar; changes in national and local government 
legislation, including taxation policies; regulations and political or economic 
developments in any of the countries where the Company holds interests in 
mineral and oil and gas properties; influence of macroeconomic developments; 
business opportunities that become available to, or are pursued by us; reduced 
access to debt and equity capital; litigation; title disputes related to our 
interests or any of the properties; operating or technical difficulties on any 
of the properties; risks and hazards associated with the business of development 
and mining on any of the properties, including, but not limited to unusual or 
unexpected geological formations, cave-ins, flooding and other natural disasters 
or civil unrest. The forward-looking statements contained in this Press Release 
are based upon assumptions management believes to be reasonable, including, 
without limitation, the ongoing operation of the properties by the owners or 
operators of such properties in a manner consistent with past practice, the 
accuracy of public statements and disclosures made by the owners or operators of 
such underlying properties, no material adverse change in the market price of 
the commodities, and any other factors that cause actions, events or results to 
differ from those anticipated, estimated or intended. Accordingly, readers 
should not place undue reliance on forward-looking statements because of the 
inherent uncertainty. For additional information with respect to risks, 
uncertainties and assumptions, please also refer to the "Risk Factors" section 
of our most recent Annual Information Form filed with the Canadian securities 
regulatory authorities on www.sedar.com, as well as our annual and interim MD&A. 
The forward-looking statements herein are made as of the date of this Press 
Release only and Franco-Nevada does not assume any obligation to update or 
revise them to reflect new information, estimates or opinions, future events or 
results or otherwise, except as required by applicable law. 
 
 
For more information contact: 
 
 
+----------------------------------------+----------------------------------------+ 
| Sharon Dowdall                         |                                        | 
+----------------------------------------+----------------------------------------+ 
| Chief Legal Officer                    |                                        | 
+----------------------------------------+----------------------------------------+ 
| 416-306-6300                           |                                        | 
+----------------------------------------+----------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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