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Glass Lewis Recommends New Gold Shareholders Vote "FOR" the Plan of Arrangement with Coeur Mining
Prnewswire· 2026-01-19 22:15
Core Viewpoint - New Gold Inc. is set to undergo a significant transaction where Coeur Mining, Inc. will acquire all outstanding shares of New Gold, with independent proxy advisory firms recommending shareholders vote in favor of the deal [1][3]. Transaction Details - Under the terms of the transaction, New Gold shareholders will receive 0.4959 shares of Coeur common stock for each New Gold common share held, resulting in Coeur and New Gold shareholders owning approximately 62% and 38% of the combined company, respectively [2]. - The transaction is scheduled for approval at a Special Meeting of New Gold shareholders on January 27, 2026 [1][4]. Strategic Rationale - The transaction is viewed as strategically sound, combining two precious metals mining companies to create a larger entity with increased production, market capitalization, and significant combined EBITDA and cash flow [3]. - The combined company is expected to have a strong cash flow profile, allowing for reinvestment in organic growth opportunities and enhanced trading liquidity, potentially leading to inclusion in major U.S. indexes [3]. - New Gold shareholders are expected to receive a market premium of approximately 16% and gain exposure to Coeur's portfolio of mines [3]. Voting Information - New Gold shareholders are reminded to vote by the deadline of January 23, 2026, at 11:00 a.m. (Eastern Time) [4][6]. - The meeting will be held both in person and virtually, with details provided for accessing the meeting [4][5]. Company Background - New Gold is a Canadian-focused intermediate mining company with two core producing assets: the New Afton copper-gold mine and the Rainy River gold mine [8]. - The company's vision is to be the most valued intermediate gold and copper producer through profitable and responsible mining [8].
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Kolibri Global Energy Inc.'s Shareholders Vote Against the Share Limit Resolution Proposed by TFG Asset Management UK LLP
Businesswire· 2025-11-11 19:36
Core Viewpoint - Kolibri Global Energy Inc. faces opposition from two leading independent proxy advisory firms, ISS and Glass Lewis, regarding a proposed resolution to limit the number of common shares authorized for issuance to 37,367,894 [1] Group 1 - Institutional Shareholder Services Inc. (ISS) has recommended that shareholders vote against the resolution [1] - Glass Lewis & Co. LLC (Glass Lewis) has also advised shareholders to vote against the resolution [1]