Last Updated :
03 June 2009 at 02:25 IST
New Gold ends WGI deal, stock loses
Commodity Online
New Gold Inc. (TSE:NGD) has announced that it has concluded the business combination deal with Western Goldfields Inc.(TSX:WGI) via a plan of arrangement duly approved by both the shareholders of the companies concerned.
New Gold Inc. is an intermediate gold producer with a portfolio of global assets in Mexico, Canada, Australia, Brazil, Chile and the United States (Alaska).
24-Hour Online Forex Trading. Start with FREE practice account
The completion of the deal brings the Mesquite Mine in addition to the asset portfolio of NGD whilst it continue to focus on the development of New Afton mine and pursuing strategic acquisition opportunities.
NGD acquired shares of WGI for CAD$0.0001/common share outstanding of the latter. It issued a total of 143 million common shares of NGD to the previous shareholders of WGI.
New Gold Inc. lost 2.43% at Toronto Stock Exchange on Monday and closed at 3.21. It touched a 52-week high of 9.11 and low of 0.94.
NCDEX RAPEMUSTARDSEEDJUL12 20 July 2012
contract was trading at
Rs 0 . What's your view on it?
After reading this article, people also read:
