TransactionsCassels Brock Acts for New Gold Inc. as It Agrees to Acquire Silver Quest Resources Ltd. and Consolidates Ownership of Blackwater Project in British ColumbiaPublished: 10/18/2011 By Andre Boivin, Cameron Mingay, Jonathan Tkatch Cassels Brock client, New Gold Inc. (“New Gold”), together with Silver Quest Resources (“Silver Quest”) announced on October 17, 2011, that they have signed a binding agreement whereby, through a plan of arrangement (“Arrangement”), New Gold will acquire all of the outstanding common shares of Silver Quest. Through the Arrangement, which is expected to close in December 2011, New Gold will acquire Silver Quest's 25% in the Davidson Property, thereby consolidating its ownership of the Blackwater Project. New Gold will also retain Silver Quest's interest in the Capoose property located in British Columbia and the remainder of Silver Quest assets will be transferred to a new Spinco. New Gold currently holds 75% of the Davidson Property, which forms the northern half of New Gold’s Blackwater Project. Cassels Brock acted for New Gold with a team that included Cam Mingay (Securities, Mining & M&A), André Boivin (Securities, Mining & M&A) and Jonathan Tkatch (Securities). |