New Gold Inc. closed its offering of units, debentures, flow-through shares and shares for aggregate gross proceeds of $375 million. Pursuant to the offering, New Gold Inc. issued and sold 55,000 debentures for a total of $55 million, 220,000 units (each comprised of one unsecured note with a face value of $1,000 and 100 common share purchase warrants) for a total of $220 million, and 10,700,000 shares and 2,055,000 flow-through shares for a total of $100 million. The shares and flow-through shares were issued and sold on an underwritten basis at a price of $7.50 per share and $9.75 per flow-through share. The debentures and units were issued and sold on a best efforts agency basis.

Subsequently, pursuant to the partial exercise of an over-allotment option granted to the agents, New Gold Inc. issued an additional 17,000 units for further gross proceeds of $17 million. The partial exercise of the over-allotment option brought the aggregate gross proceeds to just over $392 million.

New Gold Inc. was represented by the Louis Montpellier and Cyndi Laval.