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Off-market insider buying at New Gold (T:NGD)

Updated Wednesday Mar 15, 2017 01:49 AM EDT

Director James Estey acquired 47,300 Common Shares on a direct ownership basis, 75,000 Common Shares on an indirect ownership basis for registered holder Allyson Jean Taylor Estey (Trust), 75,000 Common Shares on an indirect ownership basis for registered holder Joanna Claire Paige Estey (Trust), and 75,000 Common Shares on an indirect ownership basis for registered holder Kathryn Margaret Grace Estey (Trust) at a price of $2.800USD through a prospectus or prospectus exempt offering on March 10th, 2017. This represents a $1,026,930 investment into the company's shares and an account share holdings change of greater than 100%.

New Gold is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

New Gold Inc. is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile. Its development projects include Rainy River and Blackwater projects, which are located in Canada. Its Rainy River project is a gold project located approximately 65 kilometers northwest of Fort Frances in northwestern Ontario, Canada. The Rainy River comprises approximately 192 square kilometers of various rights and claims. The Blackwater Project is located approximately 160 kilometers southwest of the city of Prince George in central British Columbia, Canada and 110 kilometers southwest of the town of Vanderhoof. The Blackwater project covers an area of over 1,000 square kilometers.

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