Friday, March 28, 2014

Rainy River Resources Take-over Highlighted

The publication "Business in Vancouver" is listing New Gold's acquisition of Rainy River Resources as the fifth most-expensive mining acquisition in Canada in 2013.

New Gold acquired Rainy River Resources and its signature project near Barwick for $400-million in a cash and stock transaction, which closed in October.

First Quantum Minerals acquisition of Inmet Mining for $5.1 million is at the top of the magazine's annual review.