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Gold/Mining/Energy : Century Mining Corporation

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From: John McCarthy	5/23/2006 7:52:57 AM
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Are we next .....? Northgate Minerals Corporation Announces Offer For All Outstanding Shares Of Aurizon Mines Ltd. VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 05/23/2006 -- Northgate Minerals Corporation (TSX: NGX)(AMEX: NXG) announced today that, together with a wholly-owned subsidiary, it will make an offer to acquire all the outstanding shares of Aurizon Mines Ltd. (TSX: ARZ, AMEX: AZK). Aurizon shareholders will be offered 0.741 of a Northgate common share for each Aurizon common share, which implies an offer price of Cdn$3.00 per share (based on Northgate's May 19, 2006 closing price on the TSX of Cdn$4.05). The offer represents a premium of 30.5% over the May 19, 2006 closing price of Aurizon's shares on the TSX. marketwire.com EDIT: In 2007 AZK's planned production was 175,000 oz. Based on existing reserves their mine life was 9.x years John

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