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New Gold Inc.

New Gold Announces Closing of $400 million Senior Notes Offering to Fund Redemption of Outstanding 6.25% Senior Notes

Jul 2, 2020
TORONTO--(BUSINESS WIRE)-- June 24, 2020 - New Gold Inc. ("New Gold" or the “Company”) (TSX and NYSE American: NGD) today announces that it has completed its offering of $400 million aggregate principal amount of 7.50% Senior Notes due 2027 (the "Notes"). New Gold intends to use the net proceeds from the offering of the Notes, together with cash on hand, to fund the redemption of its outstanding 6.25% Senior Notes due 2022 on or about July 10, 2020.
 
About New Gold Inc.
 
New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as the 100% owned Blackwater development project. The Company also operates the Cerro San Pedro Mine in Mexico (in reclamation). New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility.
 
Anne Day
Vice President, Investor Relations
Direct: +1 (416) 324-6003
Email: anne.day@newgold.com
 

Source: https://www.newgold.com/investors/news-releases/news-details/2020/New-Gold-Announces-Closing-of-400-million-Senior-Notes-Offering-to-Fund-Redemption-of-Outstanding-625-Senior-Notes/default.aspx

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