Northgate Minerals Corporation Provides Information Concerning Conversion Rights for Holders of theArrangement Agreement • October 4th, 2011 • Northgate Minerals CORP • Gold and silver ores
VANCOUVER, October 3, 2011 – (All figures in US dollars except where noted) As previously announced, Northgate Minerals Corporation (the “Company”) (TSX: NGX; NYSE Amex: NXG) has entered into an Arrangement Agreement (the “Arrangement Agreement”), dated as of August 29, 2011, by and among the Company and AuRico Gold Inc. (“AuRico”), pursuant to which, among other things and subject to the satisfaction of certain conditions to effectiveness, AuRico will acquire all of the issued and outstanding common shares of the Company in accordance with a court-approved plan of arrangement of the Company under the British Columbia Business Corporations Act (the “Arrangement”). Assuming the Arrangement becomes effective, each shareholder of the Company will receive 0.365 of an AuRico common share for each common share of the Company. Currently, the parties expect the effective date of the Arrangement to occur on or about October 26, 2011.
