New Gold completes share arrangement with Coeur Mining
New Gold Inc. [TSX, NYSE American: NGD] reported the successful completion of the previously announced plan of arrangement whereby a wholly owned subsidiary of Coeur Mining, Inc. [NYSE: CDE] has acquired all of the issued and outstanding shares of New Gold.
Under the terms of the transaction, New Gold shareholders received 0.4959 shares of Coeur common stock for each New Gold common share held.
Shortly following the completion of the Transaction, New Gold common shares will be de-listed from the Toronto Stock Exchange and the NYSE American. Coeur also intends to cause New Gold to apply to cease to be a reporting issuer under applicable Canadian securities laws. Shares of Coeur common stock are listed on the New York Stock Exchange and the TSX.
New Gold is a Canadian-focused intermediate mining company with a portfolio of two core producing assets in Canada, the New Afton copper-gold mine, British Columbia, and the Rainy River gold mine, Ontario.
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