(All dollar figures are in US dollars unless
otherwise indicated)
TORONTO, May 18, 2017 /PRNewswire/ - New Gold Inc. ("New
Gold") (TSX:NGD) (NYSE MKT:NGD) today announces that it has
completed its offering of $300
million aggregate principal amount of 6.375% Senior Notes
due 2025 (the "Notes"). New Gold intends to use the net proceeds
from the offering of the Notes, together with cash on hand, to fund
the redemption of its outstanding $300
million 7.00% Senior Notes due 2020 on or about June 3, 2017.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable
Canadian and U.S. securities legislation. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of New Gold to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to risks discussed in the
risk factors section in New Gold's latest annual information
form. Although New Gold has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements. New Gold does not undertake to update
any forward-looking statements, except in accordance with
applicable securities laws.
SOURCE New Gold Inc.