Kenorland Minerals Sells 10M Shares to Franco-Nevada

Franco-Nevada acquired 10,000,000 common shares of Kenorland Minerals Ltd. at $2.22 per share, totaling $22.2 million. This acquisition represents approximately 12.42% ownership for Franco-Nevada. Following the transaction, seller John Tognetti's stake in Kenorland Minerals has decreased to about 3.93%, and he no longer is considered an insider.