British Columbia court approves Coeur’s takeover of New Gold

The Supreme Court of British Columbia in Canada has granted final approval for the acquisition of New Gold by US-based Coeur Mining through a court-sanctioned plan of arrangement. The decision allows a subsidiary of Coeur to acquire all outstanding shares of New Gold, as outlined in the plan under the Business Corporations Act of British Columbia. The transaction, which still requires approval under the Investment Canada Act and other typical conditions, is expected to be finalised in the first half of ...