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Paul, Weiss is an acknowledged leader among U.S. law firms representing Canadian public and private companies and their underwriters. With almost 50 years of history in Canada and an office in Toronto, our vibrant Canada practice is the largest among U.S. law firms and reflects our long-standing commitment to our clients in their Canadian–U.S. cross-border matters.

New Gold Announces $310 Million Acquisition of Rainy River Resources

Paul, Weiss client New Gold announced it has entered into an agreement to acquire Rainy River Resources, an Ontario-based producer of gold and silver. Under the terms of the acquisition agreement, New Gold will make an offer to purchase all the outstanding common shares of Rainy River for, at the election of the holder, 0.5 of a common share of New Gold, or $3.83 in cash, per Rainy River common share, in each case subject to pro ration. The offer represents a premium of 42 percent to Rainy River's current share price and a 67 percent premium to its 20-day volume weighted average share price.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Didier Malaquin; real estate partner Peter Fisch; and tax partner David Mayo.

May 31, 2013

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