(All figures are in US dollars unless otherwise indicated)
TSX: NGD
NYSE MKT: NGD
VANCOUVER, Nov. 8, 2012 /PRNewswire/ - New Gold Inc. ("New
Gold") (TSX and NYSE MKT:NGD) today announces that it intends to
offer a $500 million aggregate
principal amount of Senior Notes due 2022 (the "Notes"). The
interest rate and other terms of the Notes will be determined based
on prevailing market conditions. New Gold intends to use the net
proceeds of the Notes for general corporate purposes.
The Notes will be offered and sold in
the United States only to
qualified institutional buyers in accordance with Rule 144A under
the United States Securities Act of 1933, as amended (the
"Securities Act"), and outside the United
States in reliance on Regulation S under the Securities Act.
The Notes will be offered and sold in Canada on a private placement basis pursuant
to certain prospectus exemptions.
The offer and sale of the Notes will not be
registered under the Securities Act and the Notes may not be
offered or sold in the United
States absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable
state securities laws. This news release shall not constitute an
offer to sell or the solicitation of an offer to buy the Notes, nor
shall there be any offer or sale of the Notes in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains "forward-looking
statements" and "forward-looking information" within the meaning of
applicable Canadian and U.S. securities legislation.
Generally, forward-looking statements can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of New Gold to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to risks discussed in the
risk factors section in New Gold's latest annual information
form. Although New Gold has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. New Gold does not undertake to
update any forward-looking statements, except in accordance with
applicable securities laws.
SOURCE New Gold Inc.