The Prospector News

NEW GOLD COMPLETES US$173 MILLION BOUGHT DEAL FINANCING

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

NEW GOLD COMPLETES US$173 MILLION BOUGHT DEAL FINANCING

 

 

 

 

 

New Gold Inc. (TSX: NGD) (NYSE American: NGD) is pleased to announce the closing of its “bought deal” equity financing of 100,395,000 common shares, including 13,095,000 common shares issued upon the full exercise of the underwriters’ over-allotment option. At a price of $1.72 per common share, the Company raised aggregate gross proceeds of $172,679,400 pursuant to the offering. The offering, announced on May 13, 2024, was conducted by a syndicate of underwriters led by CIBC Capital Markets and that included BMO Capital Markets, RBC Capital Markets, Scotiabank, National Bank Financial Markets, TD Securities, BofA Securities, Canaccord Genuity, Laurentian Bank Securities and Raymond James.

 

The Company intends to use the net proceeds of the offering to fund a portion of the cash payment to complete the previously announced agreement relating to its strategic partnership with Ontario Teachers’ Pension Plan Board at the New Afton mine, whereby New Gold will increase its effective free cash flow interest in New Afton to 80.1%.

 

About New Gold

 

New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility.

 

Posted May 17, 2024

Share this news article

MORE or "UNCATEGORIZED"


Doubleview Extends High-Grade Domains at Hat: H099 Returns 438m of 0.40% CuEq Including 52m of 1.02% CuEq, Expanding Mineralization Envelope Around Conceptual Pit Vertically and Laterally

Doubleview Gold Corp. (TSX-V: DBG) (OTCQB: DBLVF) (FSE: 1D4) is pleased to announce assay results f... READ MORE

December 5, 2025

Cosa Closes Upsized C$7.5 Million Private Placement

Cosa Resources Corp. (TSX-V: COSA) (OTCQB: COSAF) (FSE: SSKU) is pleased to announce that it ... READ MORE

December 5, 2025

Americas Gold and Silver Closes US$132.25 Million Bought Deal Financing

Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) is pleased to report that it h... READ MORE

December 5, 2025

1911 Gold Closes C$23 Million "Best Efforts" Life Offering & Private Placement and Provides Corporate Updates

1911 Gold Corporation (TSX-V: AUMB) (FRA: 2KY) is pleased to announce that it has completed its prev... READ MORE

December 5, 2025

Endeavour Silver Completes US$350 Million Offering of Convertible Senior Notes

Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announced today the closing of its previously announce... READ MORE

December 5, 2025

Copyright 2025 The Prospector News