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Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

New Gold Closes Equity Offering

Paul, Weiss advised New Gold Inc., a Canadian intermediate gold mining company, in its public offering of common shares. New Gold issued 61,640,000 common shares in Canada and the U.S. for aggregate gross proceeds of approximately $173 million. The syndicate of underwriters was led by RBC Capital Markets and Scotiabank. New Gold intends to use the net proceeds to fund the completion of its Rainy River gold project in Ontario.

The Paul Weiss team included corporate partner Christopher Cummings; tax partner David Mayo; litigation counsel Peter Jaffe; and environmental counsel William O’Brien.

March 10, 2017

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