Canada In-Focus: Northgate Minerals Renewing Shelf Registrations
June 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Northgate Minerals Corp. (AMEX: NXG) (TSX: NGX) said that it has filed a preliminary short form base shelf prospectus with securities regulatory authorities in Canada and a corresponding shelf registration statement with the United States Securities and Exchange Commission. The filings have been made to renew Northgate's current short term base shelf prospectus, which is set to expire on July 5.
Once the shelf prospectus is cleared and the shelf registration statement becomes effective, these filings will, subject to securities regulatory requirements, provide for the potential offering in selected Canadian provinces and the United States of up to an aggregate amount of Cdn$250 million over the next 25 months.
Canada-based Northgate Minerals is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia.
The company is forecasting gold production of 316,000 ounces in 2010.
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