March 25, 2008
New Gold Inc. (NGD.TO, NGD ) and the Kamloops Division of the Secwepemc Nation, comprising the Kamloops Indian Band and the Skeetchestn Indian Band, jointly said that they have signed a Participation Agreement relating to New Gold's New Afton Project.
The companies said that the purpose of the deal was to establish a co-operative and mutually beneficial relationship between the First Nations and the company with respect to the Project and provide a long-term framework for communication, collaboration and cooperation.
The Agreement will provide the Kamloops Division with economic opportunities and social and financial benefits, including employment, education, training and business opportunities.
The Agreement secures the consent of the Kamloops Division to the Project and its support through all project phases. NGD is currently up $0.24 and trades at $7.12. NGD.TO is currently up C$0.30 and trades at C$7.36.
New Gold Inc is a member of the Corporate Patner Program (Tournament Gold Level) with Venture Kamloops - view http://www.venturekamloops.com/lt_corporatepartners.htm
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