New Gold Provides Information on Warrants
02 Juli 2008 - 4:30AM
PR Newswire (US)
VANCOUVER, July 1 /PRNewswire-FirstCall/ -- New Gold Inc. ("New
Gold") (TSX and AMEX - NGD) wishes to clarify the previously
announced information regarding the trading symbols and the effect
of the business combination on the outstanding warrants for both
Peak Gold Ltd. ("Peak Gold") and Metallica Resources Inc.
("Metallica"), which are expected to begin trading as New Gold on
the TSX at market open on July 7, 2008. Former Symbols/ New
Symbols/ Cusip # Former Terms Cusip # New Terms ---------
------------ ----------- --------- NGD.WT.A 1 warrant + $15.00
NGD.WT.A Same as former terms Cusip # equals 1 common share; Cusip
# 644535122 expiry June 28, 2017 644535122 PIK.WT Ex.: 1 warrant +
$1.50 NGD.WT.B Ex: 10 warrants + $15.00 Cusip # equals 1 Peak Gold
Cusip # equals 1 New Gold common 70468J140 common share; 644535130
share plus $0.001; expiry April 3, 2012 expiry April 3, 2012
PIK.WT.A Ex.: 1 warrant + $0.90 NGD.WT.C Ex.: 10 warrants + $9.00
Cusip # equals 1 Peak Gold Cusip # equals 1 New Gold common
70468J130 common share; expiry 644535148 share plus $0.001; expiry
November 28, 2012 November 28, 2012 MR.WT Ex.: 1 warrant + $3.10
NGD.WT.D Ex.: 1.1 warrants + $3.44 Cusip # equals 1 Metallica Cusip
# equals 1 New Gold common 59125J120 common share; expiry 644535155
share plus $0.0001; expiry December 11, 2008 December 11, 2008 New
Gold reiterates that Peak Gold and Metallica Warrantholders are not
required to surrender their current Peak Gold or Metallica warrant
certificates. In addition, New Gold wishes to provide the following
information for its non-listed warrants: Former Terms New Terms
------------ --------- Ex.: 1 warrant + $5.50 equals Ex.: 1.1
warrants + $6.10 equals 1 Metallica common share; 1 New Gold common
share; expiry December 20, 2009 expiry December 20, 2009 New Gold
is a new intermediate gold mining company with three operating
assets in Mexico, Brazil and Australia and two development projects
in Canada and Chile. For further information on New Gold, please
visit our new website at http://www.newgold.com/. CAUTIONARY NOTE
REGARDING FORWARD-LOOKING STATEMENTS Certain information contained
in the press release, including any information as to New Gold's
future financial or operating performance, may be deemed
"forward-looking". All statements in this press release, other than
statements of historical fact, that address events or developments
that New Gold expects to occur, are "forward-looking statements".
Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words
"express", "plans", "anticipates", "believes", "intends",
"estimates", "projects", "potential" "budget" and similar
expressions, or that events or conditions "will", "would", "may",
"could", or "should" occur. All such forward-looking statements are
subject to important risk factors and uncertainties, many of which
are beyond New Gold's ability to control or predict.
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause New Gold's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. Such factors include, without
limitation: anticipated synergies from the business combination may
not be realized, there may be difficulties in integrating the
operations and personnel of New Gold, Peak Gold and Metallica, the
combined company will be subject to significant capital
requirements associated with its expanded operations and portfolio
of development projects, fluctuations in the international currency
markets and in the rates of exchange of the currencies of Canada,
the United States of America, Australia, Mexico and Chile; price
volatility in the spot and forward markets for commodities; impact
of any hedging activities, including margin limits and margin
calls; discrepancies between actual and estimated production,
between actual and estimated reserves and resources and between
actual and estimated metallurgical recoveries; changes in national
and local government legislation in Canada, the United States,
Mexico, Chile and Australia or any other country in which the
combined company currently or may in the future carry on business;
taxation, controls, regulations and political or economic
developments in the countries in which the combined company does or
may carry on business; the speculative nature of mineral
exploration and development, including the risks of obtaining
necessary licenses and permits; diminishing quantities or grades of
reserves; competition; loss of key employees; additional funding
requirements; actual results of current exploration or reclamation
activities; changes in project parameters as plans continue to be
refined; accidents; labour disputes; defective title to mineral
claims or property or contests over claims to mineral properties.
In addition, there are risks and hazards associated with the
business of mineral exploration, development and mining, including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins, flooding and gold bullion losses
(and the risk of inadequate insurance or inability to obtain
insurance, to cover these risks). Forward-looking statements are
not guarantees of future performance, and actual results and future
events could materially differ from those anticipated in such
statements. All of the forward-looking statements contained in this
press release are qualified by these cautionary statements. New
Gold expressly disclaims any intent or obligation to update or
revise any forward-looking statements, whether as a result of new
information, events or otherwise, except in accordance with
applicable securities laws. CONTACT: Melanie Hennessey, Vice
President Investor Relations, New Gold Inc., Direct: (604)
639-0022, Toll-free: 1-888-315-9715, Email: , Website:
http://www.newgold.com/ DATASOURCE: NEW GOLD INC. CONTACT: Melanie
Hennessey, Vice President Investor Relations, New Gold Inc.,
Direct: (604) 639-0022, Toll-free: 1-888-315-9715, Email: ,
Website: http://www.newgold.com/
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