New Gold (NGD) announced that independent proxy advisory firm, Institutional Shareholder Services, has recommended that New Gold shareholders vote for the previously announced plan of arrangement under the Business Corporations Act, pursuant to which a wholly-owned subsidiary of Coeur Mining (CDE) will acquire all of the issued and outstanding common shares of New Gold, to be approved at the upcoming special meeting of New Gold shareholders to be held on Tuesday, January 27, 2026 at 11:00 a.m. Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held. Immediately following completion of the transaction, existing shareholders of Coeur and New Gold will own approximately 62% and 38% of the combined company, respectively.
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