NewWest Gold Corporation

NewWest Gold Corporation Files Final Prospectus for CDN$20.5 Million Initial Public Offering

    Toronto, Canada (ots/PRNewswire) -

    - NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    NewWest Gold Corporation ("NewWest" or "the Company") announces that it has filed a final prospectus with Canadian securities regulators and the Toronto Stock Exchange ("TSX") for an initial public  offering of 8,200,000 common shares at CDN$2.50 per share ("IPO  Price"). It is expected that the offering will close on August 29, 2006  at which time NewWest's common shares will commence trading on the TSX  under the symbol NWG. After giving effect to this offering, the Company  will have 58.2 million common shares outstanding.

    The offering was sold through an underwriting syndicate with Canaccord Capital Corporation, GMP Securities L.P. and Wellington West  Capital Markets Inc. Canaccord Capital Corporation acted as lead  underwriter of this syndicate. NewWest has granted the underwriters an  over-allotment option to purchase an additional number of shares at the  IPO Price equal to 15% of the underwritten shares for a period of 30  days following the closing of the offering.

    About NewWest Gold Corporation

    NewWest Gold Corporation is engaged in the business of exploring and developing gold properties in the western United States, primarily  in northern Nevada in established gold trends, including the Carlin and  Cortez Trends. The Company holds a total of 19 exploration projects,  spanning approximately 623,000 acres of mineral interests principally  on private lands. Four of these projects are advanced stage and eight  more have drill indicated gold mineralisation. The Company's final  prospectus is available at www.sedar.com.

    Forward-Looking Statements

    Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of future operating results and economic performance of the Company, are assumptions regarding projected revenue  and expenses which, although considered reasonable by the Company at  the time of preparation, may prove to be incorrect. Readers are  cautioned that actual results are subject to a number of risks and  uncertainties, including general economic, market and business  conditions and could differ materially from what is currently expected.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the common shares in any state, province or other jurisdiction in which such offer, solicitation  or sale would be unlawful prior to registration or qualification under  securities laws of any such state, province or other jurisdiction. The  common shares of NewWest have not been, and will not be registered  under the U.S. Securities Act of 1933, as amended, and may not be  offered, sold or delivered in the United States absent registration or  an application for exemption from the registration requirements of U.S.  securities laws.

ots Originaltext: NewWest Gold Corporation
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: NewWest Gold Corporation, Tel:
+1-303-425-7042, Fax: +1-303-425-6634, info@newwestgold.com; Steve
Alfers, President and Chief Executive Officer; Pam Saxton, Vice
President and Chief Financial Officer



Weitere Meldungen: NewWest Gold Corporation

Das könnte Sie auch interessieren: