Fundz

New Gold Announces 14.9% Investment in Harte Gold

PRIVATEMar 19, 2021
TorontoMiningPrecious MetalsMineralMining Technology

Description

March 19, 2021-- New Gold Inc. (“New Gold” or the “Company”) (TSX and NYSE American: NGD) announced today that it has agreed to purchase 154,940,153 common shares of Harte Gold Corp. (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) (“Harte Gold”) pursuant to a private placement at a price of $0.16 per share for total consideration of approximately $24.8 million (the “Private Placement”) providing New Gold with a 14.9% strategic interest in Harte Gold’s pro forma issued and outstanding common shares. Closing of the transaction is expected to occur on or about March 24, 2021 and is subject to certain conditions.

Quick answer

New Gold raised an undisclosed amount in a funding round, dated March 19, 2021. New Gold is based in Toronto, Ontario, Canada.

How much did New Gold raise?
New Gold raised an undisclosed amount in a funding round on March 19, 2021.
What does New Gold do?
New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine.
Where is New Gold based and how big is it?
New Gold is based in Toronto, Ontario, Canada.
Who are the decision-makers at New Gold?
Fundz holds 2 contacts at New Gold, including the Operations Excellence Manager. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining and Precious Metals around the same time

Companies in the same sectors as New Gold that raised within 45 days of this round, from Fundz verified event records.

  • Nexus Uranium raised $80K (Pre-Seed) on April 23, 2021.
  • i-80 Gold Corp. raised $9.1M on April 21, 2021.
  • U.S. Gold Corp raised $5.5M on February 12, 2021.
  • Vior Inc. raised $8K (Pre-Seed) on April 30, 2021.
  • Asante Gold Corporation raised $575K (Seed) on April 22, 2021.
  • Green Battery Minerals Inc. raised $22K (Pre-Seed) on April 21, 2021.

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Company Information

Company

New Gold

Location

Toronto, Ontario, Canada

About

New Gold is a Canadian-focused intermediate mining Company with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds Canadian-focused investments. New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility. For further information on the Company, visit www.newgold.com. 

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Related People

2 contacts
Verified contactsCaroline P., Operations Excellence Manager hiddenSee plans and pricing
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