Prominent Canadian businessman Seymour Schulich has taken a 14-per-cent stake in New Gold Inc. Mr Schulich disclosed yesterday that through his RRSP he purchased four million New Gold shares on the open market ''for investment purposes.'' Mr. Schulich, patron of the Schulich School of Business at York University as well as several other schools across Canada, is regarded as one Canada's most adroit investors. He founded his fortune in the 1970s with the Franco-Nevada and Euro-Nevada precious-metal royalty companies. NGD (TSX) rose 25 cents to $7.35.
