Franco Nevada (FNV) bought 10 million Kenorland Minerals (KLD) shares at $2.22 each from John Tognetti and CEO Zach Flood.
The shares came from existing holders, so Kenorland got no new cash, but a royalty leader taking a double digit stake endorses a generator holding a 4% royalty on the Frotet project.
Source: [Full Read](https://www.miningfront.com/p/beyond-surface-franco-nevada-pays-22-2m-for-a-junior-mining-company)
