FNX Mining Company Completes Financing

On November 28, 2005, FNX Mining Company Inc. completed its bought deal financing by issuing 7.5 million common shares at $13.60 per share for gross proceeds of $102 million.

FNX was represented by Goodman and Carr LLP with a team that included Jay Goldman, Wendy Warhaft and Albert Contardi. Riccardo Leofanti, Eric Spindel and Sally Whitehead of Skadden, Arps, Slate, Meagher & Flom LLP acted as special US counsel in the financing.

GMP Securities Ltd., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Dundee Securities Corp., Orion Securities Inc. and Toll Cross Securities Inc. acted as underwriters in the offering. The underwriters were represented by Frank Davis, Corina Zatreanu and Lara Vos Smith of Fraser Milner Casgrain LLP.