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New Gold acquires Richfield for $550M

Andrew Topf | April 04, 2011 | 6:23 pm Precious Metals Canada Gold 

New Gold Inc. is buying Richfield Ventures Corp. in a friendly all-stock deal valued at $550 million, the companies announced today. Under the arrangement, Richfield shareholders will receive 0.9217 of a New Gold share for each Richfield share, valued at...

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