Seymour Schulich Increases Ownership in New Gold Inc.
TORONTO, Aug. 14, 2008 (Canada NewsWire via COMTEX News Network) --
Seymour Schulich, through his holding company, Nevada Capital Corporation Ltd. and his RRSP, 20 Eglinton Avenue West, Suite 1900, Toronto, Ontario M4R 1K8, announced today that he has purchased an additional 5,000,000 common shares of New Gold Inc. (TSX: NGD) (the "Company") through the facilities of the Toronto Stock Exchange.
As a result of these purchases, Mr. Schulich currently owns or exercises control and direction over 25,000,000 common shares of the Company. Mr. Schulich's current shareholdings represent approximately 12% of the current issued and outstanding common shares of the Company. Mr. Schulich has further advised the Company that he has acquired the 5,000,000 common shares for investment purposes. Mr. Schulich has indicated that he will review his holdings from time to time and that he may increase or decrease his position as future circumstances may dictate. |
