New Gold Closes $173 Million Bought Deal Financing

New Gold  (TSX:NGD) has announced that it has closed its previously announced bought deal financing of 61,640,000 common shares for gross proceeds of $173 million.
As quoted in the press release:

New Gold intends to use the net proceeds from the Offering to finance the completion of the construction of the Rainy River gold project in Ontario, Canada.
The Offering was made through a syndicate of underwriters led by RBC Capital Markets and Scotiabank and including CIBC Capital Markets, J.P. Morgan, TD Securities Inc., BMO Capital Markets, Merrill Lynch Canada Inc., Desjardins Securities Inc., National Bank Financial Inc., Paradigm Capital Inc., Credit Suisse Securities (Canada) Inc., Eight Capital and GMP Securities L.P.
The Offering was completed by way of a short form prospectus (the “Prospectus”) in all of the provinces and territories of Canada and was registered in the United States pursuant to a registration statement on Form F10, as amended (the “Registration Statement”), in accordance with the Multijurisdictional Disclosure System established between Canada and the United States.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of New Gold’s common shares pursuant to the Offering in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the offered shares under the securities laws of that jurisdiction.

Click here to read the full press release.