Nov 20 (Reuters) - Moydow Mines International Inc:
* Completes partial sale of Ntotoroso royalty for $13 million and enters into
an arrangement agreement with Franco-Nevada Corporation
* Most assets will be transferred to a private company controlled by CEO Brian
Kiernan
* Says has agreed not to solicit alternative proposals
* Says agreed to pay break fee to Franco-Nevada in certain cases, should it
enter into superior proposal
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* Completes partial sale of Ntotoroso royalty for $13 million and enters into
an arrangement agreement with Franco-Nevada Corporation
* Most assets will be transferred to a private company controlled by CEO Brian
Kiernan
* Says has agreed not to solicit alternative proposals
* Says agreed to pay break fee to Franco-Nevada in certain cases, should it
enter into superior proposal
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.