New Gold Extends Offer For Rainy River Resources

New Gold says it now has 86 per cent of all shares in Rainy River Resources in a planned take-over of the mining exploration company.

New Gold is giving shareholders, yet to take the cash-and-stock offer, until August 8th to accept.

The company says if it has at least 90 per cent of Rainy River share, it will acquire the rest through a compulsory acquisition.