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New Gold Completes $150 Million Bought Deal Financing

Published: 08/30/2019

Team: Mark T. Bennett, Lindsay Clements, Alexander Pizale, Pamela Hojilla

On August 30, 2019, New Gold Inc. closed a bought deal financing pursuant to which 93,750,000 common shares were issued at a price of $1.60 per share for aggregate gross proceeds of $150 million. 

Cassels Brock acted for New Gold with a deal team that included Mark Bennett, Lindsay Clements, Alexander Pizale and Pamela Hojilla (Securities and Mining).