, NGD
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| Date: | --/--/-- --:--:-- |
| Event Id: | E5DR36OIO |
| Action Type: | ACQUISITION |
| Action Status: | ANNOUNCED |
| Acquirer Symbol: | |
| Target Symbol: | NGD |
| Updated: | --/--/-- --:--:-- |
| Purchase Price Per Share: | |
| Price Per Share Currency: | |
| News References: | https://www.prnewswire.com/news-releases/shareholders-overwhelmingly-support-plan-of-arrangement-with-coeur-mining-302671758.html |
Action Notes
Coeur Mining (Coeur) and New Gold (New Gold) have entered into a definitive agreement whereby a wholly-owned subsidiary of Coeur will acquire all of the issued and outstanding shares of New Gold, pursuant to a court-approved plan of arrangement. New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share. The transaction s required to be approved by a British Columbia court, and will require approval by 2/3 of the votes cast by the shareholders of New Gold at a special meeting. It is also subject to applicable regulatory approvals, approval of the listing of Coeur shares of common stock to be issued under the transaction on the NYSE and TSX, and the satisfaction of certain other closing conditions. The transaction is expected to close in the first half of 2026. Shareholders of both companies approved the transaction on 01/27.