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From: ItsAllCyclical	5/23/2006 8:35:53 AM
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NXG taking advantage of lower prices TORONTO, May 23 (Reuters) - Northgate Minerals Corp. (NGX.TO: Quote, Profile, Research) (NXG.A: Quote, Profile, Research) said on Tuesday it plans a C$435-million takeover of Aurizon Mines Ltd. (ARZ.TO: Quote, Profile, Research) (AZK.A: Quote, Profile, Research) in a deal which would create a mid-tier Canadian gold and copper miner. Northgate will offer 0.741 of a common share for each Aurizon common share, which implies an offer price of C$3.00 per share. That's a 31-percent premium to Aurizon's closing price of C$2.30 on Friday on the Toronto Stock Exchange. ... yahoo.reuters.com Wouldn't surprise me to see 1-2 more of these in the next few weeks.

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