Report of Foreign Issuer (6-k)
June 06 2017 - 6:05AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of
June 2017.
Commission File Number 001-31722
New
Gold Inc.
Suite 3510 – 181 Bay Street
Toronto, Ontario M5J 2T3
Canada
(Address of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
☐ Form 40-F ☒
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual
report to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other
document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules
of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing
a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
DOCUMENTS
FILED AS PART OF THIS FORM 6-K
Exhibit |
|
Description |
99.1 |
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News Release dated June 5, 2017 - New Gold Completes Redemption of 2020 Senior Notes and Extends Credit Facility |
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
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NEW GOLD INC. |
|
|
|
|
|
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By: |
/s/
Lisa Damiani |
|
Date: June
5, 2017 |
|
|
Lisa Damiani
Vice President, General Counsel
and Corporate Secretary
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Exhibit 99.1
New Gold Completes Redemption of 2020 Senior Notes and Extends
Credit Facility
(All dollar figures are in US dollars unless otherwise
indicated)
TORONTO, June 5, 2017 /CNW/ - New Gold Inc. ("New Gold")
(TSX:NGD) (NYSE MKT:NGD) today announces that it has completed the previously announced redemption of its outstanding $300 million
7.00% Senior Notes due 2020. The redemption was funded from the net proceeds of its recent issue of $300 million aggregate
principal amount of 6.375% Senior Notes due in 2025 and cash on hand.
"With the redemption of our 2020 Senior Notes, New Gold
has further enhanced its financial flexibility," stated Brian Penny, Executive Vice President and Chief Financial Officer.
"Consistent with the multiple steps we have taken this year to strengthen our liquidity position and reinforce our balance
sheet, we are pleased that through these transactions, we have been able to both extend the term of our debt and reduce our interest
rate."
Also, New Gold announces today that it has amended its $400
million revolving credit facility to extend the maturity date of the agreement by one year to August 2020. Further, in order to
provide additional flexibility, the company has amended the credit facility's Net Debt to EBITDA ("Leverage Ratio") covenant,
to increase the maximum Leverage Ratio to 4.5 to 1.0 from July 1, 2017 to September 30, 2017 (previously 4.0 to 1.0) and 4.0 to
1.0 from January 1, 2018 to March 31, 2018 (previously 3.5 to 1.0). At March 31, 2017, $100 million has been drawn and $123 million
has been used to issue letters of credit for closure obligations at the company's producing mines and development projects, leaving
$177 million undrawn.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain "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.
View original content: http://www.newswire.ca/en/releases/archive/June2017/05/c8103.html
%CIK: 0000800166
For further information: Julie Taylor, Director, Corporate
Communications and Investor Relations, Direct: +1 (416) 324-6015, Email: info@newgold.com
CO: New Gold Inc.
CNW 16:30e 05-JUN-17
This regulatory filing also includes additional resources:
ex991.pdf
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