New Gold Inc
EVENT – AGREEMENT TO MERGE SHARE-FOR-SHARE
WGI and NGD agreed to merge share-for-share (and a nominal payment of $0.0001 to WGI), and the surviving enti ty is to be NGD. Immediately prior to the announcement, NGD was $2.30/sh and WGI was $1.93/sh, meaning that WGI got a slight premium. There is a break-fee of $8.8 mil lion, and the management group is to be comprised of Randal l Ol iphant, Chai rman; Bob Gal lagher, President and CEO; Brian Penny,
CFO; and Jim Currie, COO. Ray Threlkeld wi ll remain as a Director.
More information on the Merge at:
https://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=311:new-gold-inc&catid=55:research-reports&Itemid=110
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