New Gold commences take-over bid to acquire Rainy River Resources New Gold and Rainy River Resources jointly announce that New Gold has formally commenced its previously announced take-over bid to acquire all of the outstanding common shares of Rainy River at a price of $3.83 per share. The Offer is subject to customary conditions, including that a minimum of 66 2/3% of the outstanding Rainy River shares are tendered to the Offer. The Offer values the fully-diluted in-the-money share capital of Rainy River, net of Rainy River's current cash balance, at approximately $310M.
News For NGD From The Last 14 Days
Check below for free stories on NGD the last two weeks.
Pretium Resources appoints James Currie as COO Pretium Resources (PVG) announced the appointment of James Currie as COO of Pretivm where he will lead the development of the high-grade gold Brucejack Project into production as an underground mine. Currie was COO of New Gold (NGD).