New Gold (NGD) announced that at a special meeting of shareholders held earlier, holders of New Gold’s common shares voted in favor of the special resolution approving the previously announced plan of arrangement under the Business Corporations Act, whereby a wholly-owned subsidiary of Coeur Mining (CDE) will acquire all of the issued and outstanding common shares of New Gold.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGD:
- New Gold price target raised to $12.75 from $10.50 at Scotiabank
- New Gold price target raised to C$18 from C$15 at Canaccord
- New Gold Wins Glass Lewis Backing for Coeur Mining Takeover Ahead of January 27 Vote
- Glass Lewis recommends New Gold shareholders vote ‘FOR’ arrangement with Coeur
- New Gold Hits 2025 Production Targets and Generates Over $530 Million in Free Cash Flow
