Alle Storys
Folgen
Keine Story von NewWest Gold Corporation mehr verpassen.

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.

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