Franco-Nevada Corporation

11:59 AM EST - Franco-Nevada Corporation : Has entered into an agreement to acquire from Range Resources Corporation an overriding royalty interest on acreage in the Marcellus Shale for a gross purchase price of $300 million. The acquisition has an effective date of March 1, 2019 and is expected to close shortly. The royalty is calculated as 1% of gross production less allowed deductions from approximately 350,000 net acres of Range's working interest position in Washington, Western Allegheny and Southern Beaver Counties in Pennsylvania. Franco-Nevada Corporation shares T.FNV are trading up $0.46 at $117.22.