VANCOUVER, June 18, 2013 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE MKT:NGD) and Rainy River Resources Ltd.

TORONTO - New Gold Inc. (TSX:NGD) is offering a 42 per cent premium over market prices to acquire Rainy River Resources Ltd.

Veris Gold Corp's VP of Exploration, Todd Johnson, further commented, "These year-end 2012 Jerritt Canyon reserves now support a six-year Life of Mine Plan.

IAMGOLD Corp (USA) (NYSE:IAG) shares were down -3.05%. Eldorado Gold Corp (USA) (NYSE:EGO) share plummeted -3.27%. Harmony Gold Mining Co.

ImmunoCellular Therapeutics Ltd (NYSEMKT:IMUC) is trading at $2.228 up 1.74%. New Gold Inc. (USA) (NYSEMKT:NGD) is trading at $6.685 down -0.22%.

New Gold Inc. (USA) (NYSEAMEX:NGD) was in 16 hedge funds' portfolio at the end of the first quarter of 2013. NGD shareholders have witnessed an increase in enthusiasm from smart money recently.

New Gold Inc. (NYSEMKT: NGD)(TSX: NGD) shares traded in the range of $6.62 to $6.84 Tuesday before settling to close at $6.65, a decrease of 3.06 percent.

�For Rainy River shareholders, it's a great opportunity because it is difficult to raise money to build mines these days and we have sufficient funds to build the mine,� said Robert Gallagher, president and CEO of New Gold Inc. view counter. �The offer ...

TORONTO May 31 (Reuters) - New Gold Inc agreed on Friday to acquire gold exploration company Rainy River Resources Ltd for about C$310 million ($301 million) in a sign of a life for the dormant Canadian small-cap mining sector.

On May 31, the precious metals exploration company announced that it had entered into a definitive acquisition agreement, whereby New Gold Inc. (TSX: T.NGD, Stock Forum), the second most active stock on the TSX, will offer to acquire all of the ...