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Message: New Gold consolidates and expands with takeovers of Silver Quest, Geo Minerals

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New Gold consolidates and expands with takeovers of Silver Quest, Geo Minerals

posted on Oct 20, 11 06:57PM (Log in to use the IP Check tool) ^[?]

New Gold consolidates and expands with takeovers of Silver Quest, Geo Minerals

New Gold Inc TSX:NGD plans friendly takeovers of Silver Quest Resources Ltd TSXV:SQI and Geo Minerals Ltd TSXV:GM. The acquisitions will give New Gold a 100% interest in the Blackwater Gold-Silver Project in central BC and an adjacent 42,470 hectares of property, as well as other properties.

For each Silver Quest share, shareholders will receive 0.09 of a New Gold share and one share in a new spinout company, McIntyre Minerals Inc. For each Geo Minerals share, shareholders will receive
.16 and one-fifteenth of a share in a new, unnamed spinout company.

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