TransactionsCassels Brock acts for New Gold Inc. in $550 million Acquisition of RichField Ventures Corp.Published: 04/07/2011 By Andre Boivin, Paul Carenza, Cameron Mingay, Jonathan Tkatch New Gold Inc. and Richfield Ventures Corp. announced on April 4th, 2011 that they have entered into a definitive agreement whereby New Gold will acquire, through a plan of arrangement, all of the outstanding common shares of Richfield. Richfield’s main asset is the Blackwater Project, an advanced gold exploration property located in central British Columbia. Under the terms of the Arrangement, each Richfield shareholder will receive 0.9217 of a New Gold share for each Richfield share held, plus a nominal cash consideration. The transaction valued at approximately $550 million will be subject to Court and regulatory approvals and the approval of the shareholders of Richfield. Cassels Brock represents New Gold with a team consisting of André Boivin (Securities & Mining), Cam Mingay (Securities & Mining), Jason MacIntosh (Securities & Mining), Jonathan Tkatch (Securities) and Paul Carenza (Tax). |