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"


CPM Group’s Copper 10-Year Projections

CPM Group’s 10-Year Copper Outlook are now available.    ... READ MORE

June 16, 2026

Arizona Gold and Silver Receives Approval for Expansion and Exploration Drilling Program on the Philadelphia Gold-Silver Project, Arizona

Arizona Gold and Silver Inc. (TSX-V: AZS) (OTCQB: AZASF) is ple... READ MORE

June 16, 2026

Brixton Metals Drills 906 g/t Silver over 4.3 m, including 1,329 g/t Silver over 1.8 m, all within 23.7 m of 206.6 g/t Silver at its Langis Project And 4.95 m of 493 g/t silver, including 1,798 g/t silver over 1.0 m

Brixton Metals Corporation (TSX-V: BBB) (OTCQX: BBBXF) is pleased... READ MORE

June 16, 2026

Valkea Resources Announces Closing of $8 Million Offering

Valkea Resources Corp. (TSX-V: OZ) is pleased to announce the clo... READ MORE

June 16, 2026

Tiger Gold Intersects 234.5 m @ 1.2 g/t Au and 180.3 m @ 1.0 g/t Au at Tesorito

Tiger Gold Corp. (TSX-V: TIGR) (FSE: D150) (OTCQB: TGRGF) is plea... READ MORE

June 16, 2026

Copyright 2026 The Prospector News