New Gold Slightly Lower After Closing Acquisition of Silver Quest Resources

New Gold Inc. (NGD.TO) slipped 3 cents to $10.27 from yesterday's $10.30 close, trading near the lower end of a $10.21 to $10.34 range, following its announcement that it has completed the acquisition of all the shares of Silver Quest Resources Ltd. (SQI.TO).

The company said that as a result of the completion of the arragement, it has acquired Silver Quest's 25% interest in the Davidson Property, which forms the northern half of the Blackwater gold-silver deposit, thus consolidating a 100% ownership in the Blackwater Project. It also acquired a 100% interest in the Capoose Property, located adjacent to Blackwater, covering over 410km2 of land with an established gold and silver mineral resource, the company added.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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