(All amounts are in U.S. dollars unless otherwise
indicated)
TORONTO, April 11,
2022 /CNW/ - New Gold Inc. ("New Gold" or the
"Company") (TSX: NGD) (NYSE American: NGD) announces that,
pursuant to the terms of the indenture governing its 6.375% Senior
Notes due 2025 (the "2025 Notes"), it has issued a notice of
redemption to redeem the remaining $100
million aggregate principal amount of outstanding 2025 Notes
on May 15, 2022. The redemption of
the 2025 Notes will be funded with cash on hand.
About New Gold
New Gold is a Canadian-focused intermediate mining company with
a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New
Afton copper-gold mine. The Company also holds a 5% equity stake in
Artemis Gold Inc. and other Canadian-focused investments. New
Gold's vision is to build a leading diversified intermediate gold
company based in Canada that is
committed to the environment and social responsibility. For further
information on the Company, visit www.newgold.com.
Cautionary Note Regarding
Forward-Looking Statements
Certain information contained in this news release, including
any information relating to New Gold's future financial or
operating performance are "forward-looking" and within the meaning
of applicable Canadian and U.S. securities legislation. All
statements, other than of historical fact, that address activities,
events or developments that New Gold believes, expects or
anticipates will or may occur in the future are forward-looking
statements, including the redemption of the 2025 Notes and the
funding thereof. Forward-looking statements are subject to known
and unknown risks, uncertainties and other factors that may cause
the actual results to be materially different from those expressed
or implied by such forward-looking statements. 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.
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SOURCE New Gold Inc.