======================================================================
Re: News Release - Thursday, May 08, 2008
Noteholders Extraordinary Resolution Passed - Meeting Cancelled
======================================================================
May 8, 2008, Toronto, Ontario - New Gold Inc. (the "Company" or "New
Gold") (NGD: TSX/AMEX) is pleased to announce that the Extraordinary
Resolution amending certain provisions of the Note Indenture dated as
of June 27, 2007, as described in its release of April 25, 2008, has
been approved by written resolution of holders of more than 66 2/3% of
the principal amount of the Notes. Accordingly, the meeting of
Noteholders scheduled for May 9, 2008 has been cancelled.
The amendments were required to enable New Gold to proceed with the
proposed business combination (the "Transaction") announced on March
31, 2008 by which the Company, Metallica Resources Inc. and Peak Gold
Ltd. will combine under the name New Gold Inc. with a market
capitalization of approximately U.S. $1.6 billion. The Extraordinary
Resolution will be effective only upon completion of the Transaction
and if the Transaction does not proceed the Extraordinary Resolution
will be of no effect.
For more information contact:
Mr Cliff Davis, President and Chief Executive Officer
or Ms. Laura Sandilands, Manager of Investor Relations
New Gold Inc.
70 University Avenue
Toronto, Ontario
M5J 2M4
Phone: (416) 977-1067
Toll free: (877) 977-1067
Associated File:
http://www.newgoldinc.com/i/pdf/05-08-08_Noteholders-Resolution-Passes.pdf
62 KB in size, approx. 13 seconds to download at 56.6Kbps
======================================================================
Copyright (c) 2008 NEW GOLD INC. (TSX/AMEX:NGD) All rights reserved.
For more information visit our website at http://www.newgoldinc.com/ or
send mailto:invest@newgoldinc.com
Message sent on Thu May 8, 2008 at 9:53:29 AM Pacific Time
======================================================================
.
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
CODE : NGD |
ISIN : CA6445351068 |
CUSIP : 644535106 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
New Gold is a gold producing company based in Canada. New Gold produces gold, copper, lead, silver and zinc in Australia and in Mexico, develops copper, gold and silver in Brazil, in Canada and in Chile, and holds various exploration projects in Canada. Its main assets in production are PEAK MINES in Australia and CERRO SAN PEDRO, MESQUITE and CERRO SAN PEDRO in Mexico, its main assets in development are AMAPARI in Brazil, NEW AFTON in Canada and EL MORRO in Chile and its main exploration properties are AJAX - PYTHON, BUCK CLAIMS, 3TS, SIZZLER, CC PROPERTY, VO PROPERTY, TAK PROPERTY, MOUSE MOUNTAIN, G-SOUTH, CHUBBY BEAR, LIBERTY BELL, BOULEVARD, BOUVETTE, WIT YUKON, RAM, SLATE FALLS, PROSPECTOR MOUNTAIN, MAYO, DAVIDSON, BLACKWATER, BOULDER CREEK, CAPOOSE, NATIONAL, CORRAL CANYON and RUDE CREEK in Canada and RIO FIGUEROA in Chile. New Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is 132.8 millions as of today (€ 121.4 millions). Its stock quote reached its highest recent level on January 07, 2011 at 9.99, and its lowest recent point on March 20, 2020 at 0.39. New Gold has 47 442 200 shares outstanding. |