New gold completes us$173 million bought deal financing

(all dollar figures are in us dollars unless otherwise indicated) toronto , may 17, 2024 /prnewswire/ - new gold inc. ("new gold" or the "company") (tsx: ngd) (nyse american: ngd) is pleased to announce the closing of its "bought deal" equity financing of 100,395,000 common shares, including 13,095,000 common shares issued upon the full exercise of the underwriters' over-allotment option. at a price of $1.72 per common share, the company raised aggregate gross proceeds of $172,679,400 pursuant to the offering.
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