New Gold Inc adopted a new shareholder rights plan with a 20 percent trigger, but the mid-tier Canadian gold miner said it was not aware of any takeover bid. A shareholder rights plan, also called poison pill, allows companies to issue new shares if an investor acquires shares over a certain threshold, diluting their holdings.The plan is subject to shareholder approval at New Gold's annual meeting on May 2.The Vancouver-based company also said it expects 2012 production of 405,000 ounces to 445,000 ounces.
New Gold Inc. (New Gold) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada and Chile. Shares of NGD remained unchanged at $9.35. In the past year, the shares have traded as low as $8.52 and as high as $14.12. On average, 1813630 shares of NGD.TO exchange hands on a given day and today's volume is recorded at 0.
New Gold Inc. (New Gold) is an intermediate gold producer with a portfolio of global assets in the United States, Mexico, Australia, Canada and Chile. Shares of NGD remained unchanged at $9.38. In the past year, the shares have traded as low as $8.69 and as high as $14.15. On average, 2838270 shares of NGD exchange hands on a given day and today's volume is recorded at 2600.
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