New Gold completed the acquisition of a 15% stake in Talisker Resources for $14m.

New Gold, a Canadian mining company, completed the acquisition of a 15% stake in Talisker Resources, a gold miner, for $14m. New Gold is acquiring the purchased shares for investment purposes. Depending on market conditions and other factors, New Gold may, from time to time, acquire additional common shares or other securities of Talisker or dispose of some or all of the common shares or other securities of Talisker that it owns at such time.