New Gold completes arrangement with Coeur Mining

New Gold (NGD) announced the completion of the previously announced plan of arrangement whereby a wholly-owned subsidiary of Coeur Mining (CDE) has acquired all of the issued and outstanding shares of New Gold. Under the terms of the Transaction, New Gold shareholders received 0.4959 shares of Coeur common stock for each New Gold common share held. Shortly following the completion of the Transaction, New Gold common shares will be de-listed from the Toronto Stock Exchange and the NYSE American. Coeur also intends to cause New Gold to apply to cease to be a reporting issuer under applicable Canadian securities laws. Shares of Coeur common stock are listed on the New York Stock Exchange and the TSX.