Northgate NGX on NYSE Message Board

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Gold/Mining/Energy : Northgate NGX on NYSE

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To: George Burdell who wrote (20)	4/24/1997 12:25:00 AM
From: Dundee Maples	of 89

Got their financial report. Basically they are a bank at this time. No debt,$27 million in cash and short term investments. "The Corporation is actively searching for investment opportunities which are compatible with its financial, tax, and capital base in order to increase shareholder value." Well, I certainly hope so. As of March20, 1997 Westfield Minerals Limited holds 6,712,026 for 22.24% Trilon Financial Corporation holds 1,100,000 f0r 3.64% Trilon (if I read correctly) owns a company that owns a company that owns a portion of Westfield. It may be a real question if these guys really want to get back into the business soon. If they do their cash could certainly stand them in good stead. They sold out at a very good time, anyone have comments on their board of directors. Dundee

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