Northgate files final universal base shelf prospectus
06 Juin 2008 - 11:58PM
PR Newswire (US)
TSX: NGX AMEX: NXG VANCOUVER, June 6 /PRNewswire-FirstCall/ --
Northgate Minerals Corporation (TSX: NGX, AMEX: NXG) today reported
that the company has filed a final short form universal base shelf
prospectus with the Securities Commissions in each of the provinces
and territories of Canada and a corresponding registration
statement has been filed with and declared effective by the United
States Securities and Exchange Commission. The final shelf
prospectus will allow Northgate to make offerings of debt
securities, common shares, warrants to purchase common shares and
warrants to purchase debt securities, share purchase contracts and
share purchase or equity units (all of the foregoing, collectively,
the "Securities") or any combination thereof up to an aggregate
offering size of Cdn$250,000,000 over a 25-month period. Securities
may be offered separately or together, in amounts, at prices and on
terms to be determined based on market conditions at the time of
sale and set forth in an accompanying shelf prospectus supplement.
The net proceeds from the sale of the Securities will be used to
fund capital expenditures, development and construction
expenditures, exploration activities, potential future acquisitions
and for general corporate purposes. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these Securities in any state in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such state. A copy of the final shelf prospectus may be obtained
from the SEDAR website at http://www.sedar.com/ and also may be
obtained from the Company by directing a request by email at or by
mail at 815 Hornby Street, Suite 406, Vancouver, British Columbia,
Canada, V6Z 2E6, telephone 1-604-681-4004. NORTHGATE MINERALS
CORPORATION is a mid-tier gold and copper producer with mining
operations, development projects and exploration properties in
Canada and Australia. The company is forecasting 400,000 ounces of
unhedged gold production in 2008 and is targeting growth through
further acquisitions in stable mining jurisdictions around the
world. Northgate is listed on the Toronto Stock Exchange under the
symbol NGX and on the American Stock Exchange under the symbol NXG.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" and "forward-looking information" as
defined under applicable Canadian and U.S. securities laws.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "may," "will," "expect,"
"intend," "estimate," "anticipate," "believe," or "continue" or the
negative thereof or variations thereon or similar terminology.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Certain of the statements made herein by Northgate
Minerals Corporation ("Northgate") including those related to
future financial and operating performance and those related to
Northgate's future exploration and development activities, are
forward-looking and subject to important risk factors and
uncertainties, many of which are beyond the Corporation's ability
to control or predict. Known and unknown factors could cause actual
results to differ materially from those projected in the
forward-looking statements. Such factors include, among others:
gold price volatility; fluctuations in foreign exchange rates and
interest rates; impact of any hedging activities; discrepancies
between actual and estimated production, between actual and
estimated reserves and resources and between actual and estimated
metallurgical recoveries; costs of production, capital
expenditures, costs and timing of construction and the development
of new deposits; and, success of exploration activities and
permitting time lines. In addition, the factors described or
referred to in the section entitled "Risk Factors" of Northgate's
base shelf prospectus, "Risk Factors" of Northgate's revised Annual
Information Form (AIF) for the year ended December 31, 2007 or
under the heading "Risks and Uncertainties" of Northgate's 2007
Annual Report, each of which is available on SEDAR at
http://www.sedar.com/, should be reviewed in conjunction with this
document. Accordingly, readers should not place undue reliance on
forward-looking statements. The Corporation does not undertake any
obligation to update publicly or release any revisions to
forward-looking statements to reflect events or circumstances after
the date of this document or to reflect the occurrence of
unanticipated events, except in each case as required by law.
DATASOURCE: Northgate Minerals Corporation CONTACT: Ms. Keren R.
Yun, Director, Investor Relations, Tel: (416) 216-2781, Email:
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