We are not unique in this free fall, but look at wSeymour Schulich Increases Ownership in New Gold Inc.
TORONTO, Aug. 14 /CNW/ - Seymour Schulich, through his holding company,Nevada Capital Corporation Ltd. and his RRSP, 20 Eglinton Avenue West, Suite1900, Toronto, Ontario M4R 1K8, announced today that he has purchased anadditional 5,000,000 common shares of New Gold Inc. (TSX: NGD) (the "Company")through the facilities of the Toronto Stock Exchange. As a result of these purchases, Mr. Schulich currently owns or exercisescontrol and direction over 25,000,000 common shares of the Company. Mr.Schulich's current shareholdings represent approximately 12% of the currentissued and outstanding common shares of the Company. Mr. Schulich has furtheradvised the Company that he has acquired the 5,000,000 common shares forinvestment purposes. Mr. Schulich has indicated that he will review hisholdings from time to time and that he may increase or decrease his positionas future circumstances may dictate.