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New Gold completes US$10.2 million financing

Fasken
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Overview

Client

New Gold Inc.

On December 10, 2020, New Gold Inc. closed a flow-through financing to fund exploration drilling programs at its Rainy River and New Afton sites.  An aggregate of 3,824,000 Common Shares were issued by the Company at a price of C$3.40 per share for net proceeds of US$10.2 million (gross proceeds less equity issuance costs).  

Fasken represented New Gold Inc. with a team that included Brad Freelan, Florind Polo, and Arie van Wijngaarden.
 

Jurisdiction

  • Ontario

Team

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