TransactionsNew Gold Announces Sale of Amapari Mine for US$53 MillionPublished: 04/19/2010 On April 13, 2010, New Gold Inc. sold its Brazilian subsidiary Mineração Pedra Branca do Amapari Ltda., which holds the Amapari mine and related assets, to Beadell Resources Limited. New Gold received US$37 million in cash and US$16 million in Beadell shares for total consideration of US$53 million from the sale of MPBA, resulting in New Gold holding approximately 19.5% of Beadell's shares outstanding. Erik Goldsilver (Business Law and Mining) and Susan Marsh (Business Law) of Cassels Brock & Blackwell LLP acted for New Gold as Canadian counsel. |