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canucklehead80

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canucklehead80

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Tuesday, 10/18/2011 6:20:26 PM

Tuesday, October 18, 2011 6:20:26 PM

Post# of 715
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 $0.16 and one-fifteenth of a share in a new, unnamed spinout company.

Read the rest of this article: http://bit.ly/oLWRQn
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